Rate rise fears grow as inflation stays stubbornly high
Three of the big four banks now expect the RBA could lift interest rates again before Christmas, as sticky inflation and stronger household spending keep pressure on borrowers and the property market.
Whether interest hikes will stem Australia's stubbornly high inflation is debatable, but the expectation is the RBA will try. (Image source: Shutterstock.com)
The chorus of voices predicting another interest rate rise before 2026 is ushered out the door is growing louder.
As of Thursday (27 August), three of the big four banks were tipping the Reserve Bank of Australia (RBA) would be forced to lift the official cash rate in response to stubbornly high inflation, wage growth, and rising household spending that continues to fan the higher prices.
NAB, which became the latest bank to predict a rate rise f…
