Most pundits believe there will be a 0.5 percentage point increase in the policy rate on Wednesday. Some believe that with the impending recession it will soon be time to cut again.
Others fear that inflation is so persistent that we will have to keep a tight rein for a while longer. This is how one can summarize the arguments for and against continuing the tough interest rate path:. To raise or not to raise: "The inflation scare fools no one" or "We don't need to follow the interest rate hike race"