Australia ‘has to have’ an interest rate hike

Australia cannot exist in a “zero interest rate climate” forever, according to RSM Australia’s Chairman Jamie O’Rourke.

“Reality is, we’ve had this zero interest rate climate for a long time,” Mr O’Rourke told Sky News Australia.

“And no nation can exist on that zero interest rate climate.

“So we have to have interest rates, I think the Reserve Bank are going to be very responsible and there’ll be nothing before the election.

“But then we’ll see some modest increases from probably June to the end of next year.”

In partnership with RSM Australia.

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