‘Another rate hike looks pretty much certain’: Australians warned of more economic pain

Economist Shane Oliver says another Reserve Bank interest rate rise is increasingly likely as persistent inflation leaves the Australian economy more exposed to price pressures. “We’ve been of the view for some time that there would be another rate hike this year,” Mr Oliver told News24 host Jaimee Rogers. “Another rate hike looks pretty much a certainty. “Unfortunately, the Aussie economy has become more inflation-prone.”