When will interest rates rise again?- Pete Wargent

With economic growth sub-trend, the labour market still weak and inflation benign, I can still envisage a further interest rate cut in this cycle.

And if it wasn’t for roaring house prices in Sydney and Melbourne I think we’d probably get one in early 2014.

The cash rate futures markets are more bullish than I am on the economy and think on balance perhaps not.

So, when might we see a hike in rates according to futures markets?

Answer: Some time in 2015.

 

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Pete Wargent

About

Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


'When will interest rates rise again?- Pete Wargent' have 2 comments

  1. September 12, 2013 @ 7:38 am James

    Is that it? Did you forget to post the rest of the article?

    Reply

    • September 12, 2013 @ 7:57 am Michael Yardney

      That’s it James – short and sharp comment from Pete today.
      We can look back in a few years and see if his prediction is correct

      Reply


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