Economists predict the Official Cash Rate will rise today, but opinions differ on whether it'll be a 25 basis point increase, or 50.
Mortgage advisory firm Squirrel Chief Executive, David Cunningham, has penned an open letter to the Reserve Bank Governor saying they shouldn't lift the OCR.
He says the effects of measures already taken are still unrolling.
He told Kerre Woodham his letter is born out of a frustration over economists accepting interest rates must rise more.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.