Economists have all but ruled out an interest rate cut from the Reserve Bank of Australia before well into next year, while the chance of another rate increase remains a line-ball call as the central bank waits to see what happens with inflation.
A very slim majority of the 32 economists polled for The Australian Financial Review’s latest quarterly survey said the cash rate had peaked at 4.35 per cent. That’s after three back-to-back rate rises at the start of the year before the RBA held fire at its June board meeting.
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