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Big Four divided on RBA direction as one major bank warns two interest rate hikes still ahead
Australia's major banks are divided on which direction interest rates will go next. Three of the Big Four banks think interest rate rises are now over and the next move will be down, but one is predicting mortgage holders could be in for a further two interest rate hikes this year.
The one thing all of the bank economists are in agreement about is that borrowers will get some reprieve at the Reserve Bank of Australia's (RBA) June meeting this week. The central bank has already hiked rates three times this year, taking the cash rate to 4.35 per cent.
ANZ joined Commonwealth Bank and NAB on Friday in predicting the RBA has reached the peak of its rate hiking cycle and will remain on hold for the rest of the year. ANZ is expecting two rate cuts in the second half of 2027.
VIDEO: Why experts are tipping interest rates to pause
After three interest rate increases at the start of the year, economists now expect the Reserve Bank to hold rates steady for a while.
After three interest rate increases at the start of the year, economists now expect the Reserve Bank to hold rates steady for a while.
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