Australia’s multi-year battle against elevated inflation appears to be turning a corner on paper, but leading economic analysts are sounding a stark warning: Australian households carrying mortgages should prepare for more financial pain, as any apparent progress is unlikely to translate to imminent cash rate cuts. In fact, further interest rate hikes remain on the table ahead of the Reserve Bank of Australia’s (RBA) September monetary policy meeting.
Reserve Bank signals further rate pain possible to crush persistent inflation
