Podcasts Other The Mike Hosking Breakfast Tony Alexander: Economist says short-term interest rates should be able to ease next year

Tony Alexander: Economist says short-term interest rates should be able to ease next year

Published: Feb. 22, 2023, 6:30 p.m.

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There could be light at the end of the tunnel for those hoping for a reduction in interest rates.

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The Reserve Bank has raised the Official Cash Rate by 50 basis points, to 4.75 percent, as it continues to try to rein in inflation.

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Similar moves are also being made by central banks around the world.

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Independent economist Tony Alexander told Mike Hosking short-term interest rates should be able to ease next year.

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\\u201cFixing one year, you can start to ride down the falls in interest rates over 2024, but of course two-year interests rates is probably equally as valid for the majority of people out there as well."

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