13 Sep Has the RBA finished rate hikes?
Key Points:
- It’s likely that the RBA’s cash rate has peaked with numerous indicators pointing to slower economic growth and inflationary pressures easing.
- While the risk in the short term is still on the upside for rates or a delay to the start of rate cuts, our base case is that rates will be on hold until early next year ahead of rate cuts starting in the March quarter.
- Rate cuts through next year should help growth to stabilise and pick up from late 2024.
