Economist predicts rate-hiking cycle may be over despite persistent inflation concerns

A leading economist predicted that further interest rate hikes by the Reserve Bank of Australia are unlikely after the cash rate was held at 4.35 percent. HSBC chief economist Paul Bloxham noted signs of an economic slowdown, despite inflation concerns. He emphasized that the RBA may maintain current rates to combat inflation for the foreseeable future.

Summary by Glance · 7 News – Business