Why the RBA was right to slowdown rate rises

 

Please click the link below to view Shane Oliver's reasons why the RBA was right to slowdown interest rate rises.

Key points raised are

  • The RBA sensibly dropped back to a 0.25% hike this month taking the cash rate to 2.6%.
  • The RBA is signalling more hikes ahead though.
  • Slowing the pace of rate hikes makes sense. The RBA needs time to assess the impact of previous rates hikes.
  • Shane Oliver still sees the cash rate peaking at 2.85% but acknowledge upside risk to 3.1%