Financial markets now certain the RBA will hike interest rates in 2026
by Patrick Commins Economics editor from World news | The Guardian on (#71YXS)
The changed outlook is a result of unwelcome inflation data, but could slow down the hot property market
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Financial markets are now pricing in a 100% chance the Reserve Bank will hike rates in 2026, in what would be a blow to mortgage holders but may take some steam out of an overheating property market.
The latest forecasts represent a turnaround from just two weeks ago, when traders were factoring in an even chance that the next RBA move would be a cut by its May meeting.
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