Close call tipped as Reserve Bank mulls third rate hike
A REPEAT of the Reserve Bank board’s split decision to raise interest rates in March could be on the cards as the central bank frets over the dual threats of high inflation and a stalling economy. Financial markets and most economists are tipping a third straight rate hike on Tuesday. ANZ Bank head of Australian economics Adam Boyton is part of the chorus predicting the Reserve Bank will lift the official cash rate to 4.35 per cent – the same level as its post-COVID-19 pandemic peak. But he thinks it won’t be a lay down misère, with several members likely to vote in