In today’s investment webinar MB Fund’s Head of Investments Damien Klassen, Chief Economist Leith van Onselen and Senior Financial Advisor Sam Kerr illuminate us on why immigration is the key to Australian interest rates in 2022. On the agenda:
- After 11 long years of interest rate cuts, many commentators and markets are forecasting a rise in the official cash rate.
- Whether Australian inflation picks up largely depends on wage growth, which has undershot RBA forecasts for a decade.
- The planned reboot of pre-COVID levels of immigration will suppress wage growth and ergo inflation, meaning interest rates could remain lower for longer.
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Damien Klassen is Head of Investments at the MacroBusiness Fund, which is powered by Nucleus Wealth.
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