Jul 30, 2026 – 8.00pmInvestors may be breathing a sigh of relief after this week’s benign inflation report, but a cohort of economists argues that Australia’s central bank is likely to lift interest rates one more time this year, given the higher costs related to the conflict in the Middle East.KPMG chief economist Brendan Rynne warned that the economy was still running too hot, unlike in Canada and New Zealand where demand was starting to cool down.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Not out of the woods yet: these economists warn rate rises are coming
While traders have erased bets of a looming rate rise, many forecasters expect inflation to pick up steam again.
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