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Why an economist believes interest rates won’t need to be raised ‘that much’
31/01/2023
A leading economist believes a slowdown in spending will prevent the Reserve Bank from raising interest rates too high.
It comes after the latest retail figures showed a 3.9 per cent drop in spending in December.
Shane Oliver, AMP’s chief economist, said as supply improves and demand slows down inflation will ease.
Press PLAY below to hear his reasoning