Interest rate hikes might have peaked by the time economist Matthew Peter presents his quarterly update to FINSIA members.
The Queensland Investment Corp’s Chief Economist is predicting a slowdown in the monetary tightening cycle after two more raises in February and March – but thinks the Reserve Bank can pause after that.
Dr Peter, who will be giving an update at a free member webinar on 16 March, believes the RBA can be patient and avoid driving a recession to bring inflation down.
“As long as inflation is coming down, and as long as the market still has confidence as measured by inflation expectations that the central bank is going to get inflation under control over the longer term, they’ll be patient,” he says, in an AFR article.