Australia’s central bank will raise interest rates one more time in its current tightening cycle, economists say
one more time in its current tightening cycle, economists say, and then shift to policy easing next year as inflation cools and economic growth slows to a crawl.
The Reserve Bank will stand pat for two more meetings and then hike in November to take the cash rate to a 12-year high of 4.35%, a survey of economists showed. Still, three of the nation’s four major lenders dissented: with ANZ Group Holdings Ltd., Commonwealth Bank of Australia and Westpac Banking Corp. predicting the current 4.1% as the terminal rate.
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