Episode Details

RBA governor Michele Bullock holds rates steady at 4.35% but warns more hikes are possible if inflation doesn’t cool — a verbal threat aimed at forcing inflation into submission. While markets remain skeptical, betting on a 50-50 chance of another hike, major banks like Commonwealth, ANZ, and NAB now predict rate cuts next year, citing slowing growth and cooling housing markets. Westpac stands out, still expecting hikes before easing. The RBA’s tough talk is likely a strategic delay, hoping to keep borrowers and markets on edge — and possibly shifting to a more dovish tone by August — before any real relief hits mortgage holders.

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