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Australia Could Raise Rates Eight Times in Two Years: Ex-RBA Board Member

  • ‘It’s possible the tightening could start earlier’: Edwards
  • Central bank probably already considering rate-hike program
John Edwards.

John Edwards.

Photographer: Mark Graham/Bloomberg

Australia’s central bank could increase interest rates eight times in the next two years, former board member John Edwards said.

The Reserve Bank of Australia is probably already considering a program of rate increases given its forecasts for inflation returning to target and economic growth to accelerate to 3 percent against a stronger global backdrop, Edwards said in a column on the website of the Lowy Institute for International Policy, where he is a non-resident fellow.