Up to six more interest rate hikes could be on the horizon

Canstar analysis shows the historical average cash rate is 4.6 per cent which is a full 1.5 per cent higher than the current 10-year high of 3.1 per cent.Is Australia headed for a recession in 2023?As a result, Canstar forecasts up to six more 0.25 per cent rate rises could be on the horizon.

"The Reserve Bank keeps reminding us that its cash rate decisions are all based on the data, and the December quarter inflation increase of 1.9 per cent and annual rate 7.8 per cent won't be enough to change the Bank's course," Canstar finance expert Steve Mickenbecker said.The average interest rate historically is 4.6 per cent which is 1.5 per cent above the current rate.

"Nonetheless, an average over a 33-year period gives some indication about what is at least normal, and that is a cash rate of 4.6 per cent," Mickenbecker said. It comes amid growing concerns 2023 could be the year of the recession as global economies also battle skyrocketing inflation by tightening the cash rate.

Source: Loan Digest (loandigest.net)

Good old Labor

They could always sell

Who'sis this analysis predictor? Does he/she/shim work for channel 9?

They are seriously screwing people over 32% of Australians have mortgages,the banks making record profits, people are going to loose their homes .

Fuck yeahhhhh I want my large amounts of savings to be on 6%+ interest

*people stop spending due to high Mortgage rates* The News: why have people stopped spending money!?!

Stop spending other than essentials. That’s what the RBA wants.

Oh shot is channel 9. Seriously. Just shut up.

Stop guessing, people won't stop spending so up up up for who knows how long.

Yesterday it was 4 more now 6. Fear mongering news outlets at it again.

revelling in the misery of struggling Aussies

Click bait nonsense when the US Federal Reserve and IMF have both seen headline inflation figures fall under targets for Q4/22. Head of US Reserve openly said this week only a few minor increases “may be necessary” now they’ve got improved figures. Australia will follow US/EU.

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