I am writing again – to let you know how I think the interest rate scenario will unfold in 2022 and how to prepare together. We each have roles.
The pieces are falling into place for the Reserve Bank to start to lift the cash rate.
- Inflation between 2% and 3% – is already in place.
- Unemployment under 4% – this is imminent.
- Wages growth above 3% – is the missing piece.
To repeat from an earlier email, this is how I see the rate scenario playing out this year…
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