Interest rates and inflation to continue to rise
Wednesday January 30, 2008
National Australia Bank's (NAB) chief economist Alan Oster says the Reserve Bank of Australia will lift official interest rates and inflation will keep rising in the latest business survey released by Australia's biggest bank.
The NAB has lowered its own economic growth forecast for 2008 to 3 per cent.
Many of the leading economists in the country believe we will be facing an official interest rate rise after the Reserve Bank board meeting next week.
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