RBA rate rises may be over as housing faces tax ‘headwinds’

Bank economists are tipping interest rate rises are over and the next move will be down, as a former Reserve Bank of Australia deputy governor warns the housing market faces headwinds from the government’s tax changes.

HSBC on Friday joined ANZ and National Australia Bank in predicting the RBA would not move beyond its three interest rate rises this year and would be on a long hold before cutting rates next year.

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