Millie Muroi, September 12, 2023 — 3.53pm
Leading economists of two of Australia’s major banks and corporate consulting firm EY have called a peak to official interest rates, and see house prices returning to record highs when rates start falling next year.
CBA chief economist Stephen Halmarick said the Reserve Bank was probably done with raising the cash rate thanks to easing inflation, with household spending still robust but slowing, and tipped the central bank would cut rates in March next year.