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6 reasons why the RBA's next move is likely down later this year
It’s now two years since the RBA first started to raise interest rates, resulting in the biggest tightening cycle since the late 1980s. Rates have gone much higher and stayed high for much longer than I thought would be the case as Australian households proved more resilient than expected thanks to a combination of a boost to demand from reopening after COVID, saving buffers, a greater proportion of borrowers on fixed rates and the strongest population growth rate since the early 1950s. So where to now? chart The rollercoaster ride in interest rate expectations This year has seen a bit of a rollercoaster ride in ... (full story)