RBA Hints at Pause to Interest Rate Hikes Amid Concerns About Recession

Pedestrians walk past the Reserve Bank of Australia (RBA) head office in Sydney, Australia, on Nov. 1, 2022. AAP Image/Bianca De Marchi

The Reserve Bank of Australia (RBA) has announced a 10^th consecutive interest rate hike, taking the official cash rate to the highest level in 11 years.

However, there are signs that the current monetary tightening cycle may end soon as the risk of a recession emerges.