RBA to ‘increase interest rates three times’

A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three times before the end of the year. Judo Bank chief economic adviser Warren Hogan — who was the most accurate forecaster in 2023, correctly predicting the RBA would raise the cash rate five times to 4.35 per cent — told The Australian Financial Review on Friday that he now saw rates reaching 5.1 per cent in 2024. His prediction comes …