Original article by Joanne Tran
The Australian Financial Review – Page: 1 & 22 : 3-Jul-23

The consensus of economists polled by the Australian Financial Review is that official interest rates will peak at 4.6 per cent in August. Judo Bank economist Warren Hogan estimates that there is a 35 per cent chance that the cash rate will rise above five per cent, citing factors such as ‘sticky’ inflation. However, Su-Lin Ong of RBC Capital Markets expects the cash rate to peak at 4.35 per cent in July. Meanwhile, most of the 27 economists who participated in the quarterly survey anticipate that the Reserve Bank will not begin easing monetary policy before May 2024, although Carlos Cacho of Jarden expects the first rate cut to occur in November 2024.

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JUDO BANK PTY LTD, RBC CAPITAL MARKETS, RESERVE BANK OF AUSTRALIA, JARDEN AND COMPANY