Big banks bet on a rate hike
· 24 min
Episode Big banks bet on a rate hike
The price of Brent Crude has climbed back above one hundred dollars a barrel in response to rising concerns that the ongoing conflict in the Middle East is spreading.
Here in Australia, the Coalition is touting a new fuel excise proposal as the price of diesel climbs closer to spikes not seen since the beginning of the conflict.
Meanwhile, analysts from Australia's big four banks agree that a September rate hike from the Reserve Bank is looking increasingly likely.
So what do the latest auction clearance rates do to fill in the Australian property picture?
And just how deep a downturn is on the horizon?
Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.
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