Skip to main content

RBA will hit the brakes once more

With inflation surprising on the upside in Q3, we expect the RBA to lift rates by 25bp at its meeting next week. However, we suspect that the next rate hike will be the last one in the current cycle, given the Board’s reluctance to jeopardise pandemic-era employment gains. Moreover, as economic activity slows sharply and disinflation gathers pace, we still expect rate cuts as soon as Q2 2024.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access