Sky-high mortgages, 7.1% inflation, and a 20% chance of recession. How the Conversation's panel sees the year ahead
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Wes Mountain/The Conversation, CC BY-NDHomeowners will face mortgage rates near 5.5% in a little over a year, according to a survey of 22 leading Australian economists.
The Conversation’s 2022-23 forecasting survey predicts an increase in the Reserve Bank’s cash rate from its present 0.85% to a peak of 3.1% by next August.
If fully...
