Thursday, 28 Nov 2024

Big issues at play could cause the RBA to make smaller cash rate hikes

Big issues at play could cause the RBA to make smaller cash rate hikes


Big issues at play could cause the RBA to make smaller cash rate hikes
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Most forecasts for Tuesday were for a half-percentage point rise. The Commonwealth bank was the notable exception, predicting a 25 basis-point rise and a peak RBA cash rate of 2.85%.

Lawless noted the number of property listings was still going south during spring, when it typically takes off. Listings were down 12% on the previous year as at 25 September, and 10% below the five-year average.

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