ANZ: The RBA is expected to peak interest rates at 4.1% in May, up from 3.85% previously

On February 16, ANZ economists including Felicity Emmett said in a research report on Thursday that since 70% of mortgage debt has been affected by the increase in variable interest rates, and there is little evidence that this has an impact on overall spending Substantial impact, the RBA may have to further tighten policy.

ANZ’s revised interest rate path shows that the RBA will tighten by 25 basis points in March, April and May, “sustained inflationary pressures suggest that the cash rate will remain in a restrictive range for some time.” Australia The new bank does not expect the RBA to ease policy until November 2024, when the first rate cut is expected to be 25 basis points.