Deloitte’s latest forecast report suggests the RBA’s two interest rate hikes in 2023 were “unnecessary”, says Australian Chamber of Commerce and Industry CEO Andrew McKellar.
“We certainly agree that the Reserve Bank did the right thing by pausing last month,” he told Sky News Australia.
“We would urge them to keep pausing again as they meet at the next month – we don’t think at this point we need to keep rising interest rates.”
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