Former RBA Edwards: RBA could raise interest rates four times in quick succession late in 2022

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Former RBA Edwards: RBA could raise interest rates four times in quick succession late in 2022
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Former RBA Edwards: RBA could raise interest rates four times in quick succession late in 2022 By ross_burland RBA Australia Currencies

Edwards, who is given plenty of press time when it comes to his insights into the RBA's thinking, explained that given the current upward trajectory of the economy, slow and incremental hikes could be on the table considering that ''there is no point in one increase.'' If this were the case, this implies a cash rate of 1% by the end of the year.

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