Australian banks predict another interest rate rise despite hopeful investor outlook

Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak

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Australia’s big four banks are forecasting future interest rate rises, ignoring bets in financial markets that the cash rate has reached its peak.

ANZ, CBA, NAB and Westpac believe the RBA will lift its key interest rate by at least another 25 basis points, based on economic data already released. Earlier this month, the RBA hiked the rate for a record 10th consecutive time to 3.6%.