OPINION: Investors may think they know how this interest rate story ends, but Reserve Bank governor Phil Lowe has highlighted some potential plot twists
Like all good television soap opera writers, Reserve Bank boss Phil Lowe made sure he delivered the punters pretty much what they were expecting in the, while holding out the enticing possibility of some unexpected plot twists next year.
There’s now a surprising level of agreement about where this story is headed. Both markets and economists expect the Reserve Bank to increase rates twice next year, pushing the official cash rate to about 3.6 per cent. But knowing how millions of households will respond to higher mortgage repayments isn’t the only nail-biter.
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