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Big bank’s dire interest rate forecast

Westpac is now expecting Australia’s official cash rate to hit 4.1 per cent by May, with three brutal rate hikes looming in the months ahead.If the major bank is correct, it will bring interest rate to an 11-year peak – even higher than…

Dire warning ahead of inflation figures

Treasurer Jim Chalmers is hopeful the worst of Australia’s inflation crisis is in the rearview mirror ahead of the release of fresh data later this week.But the opposition has slammed the government for “underestimating” the scale of the…