Reserve Bank of Australia Risks Prolonging Tightening Cycle With Latest Decision: Economists

Reserve Bank of Australia Risks Prolonging Tightening Cycle With Latest Decision: Economists
A general view of the Reserve Bank of Australia building in Sydney, Australia, on May 3, 2022. Brook Mitchell/Getty Images
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Economists are concerned that the lower-than-expected interest rate hike in October could cause the Reserve Bank of Australia (RBA) to prolong its tightening cycle and eventually end up driving rates higher to bring down demand for goods and services.

Following the RBA’s latest 0.25 percent increase in the official cash rate, some economists revised their forecasts for the peak rate.
Alfred Bui
Alfred Bui
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Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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