The Reserve Bank’s decision to raise the cash rate to 2.85 per cent today was an expected rate rise, according to HSBC Chief Economist Paul Bloxham.
“My sense is the RBA – although I think they will lift interest rates further – they’re much, much closer to the end of this hiking cycle than we are to the beginning,” he told Sky News Business Editor Ross Greenwood.
Today’s rate rise was a 25-basis point increase to the cash rate, with another hike expected in December before rises are set to slow next year.
“I don’t think there’s a whole lot more to come from the RBA.”
