Experts say RBA could hike rates sooner than 2024

Experts and economists are starting to speculate that the Reserve Bank of Australia may increase interest rates sooner than it has previously stated, with next week’s federal budget possibly having a big influence on any decision.

The RBA today held the official cash rate at 0.1 per cent, again reiterating that rates would not likely be increased until 2024 at the earliest due to a combination of subdued wages growth and low inflationary pressur…