Financial markets now certain the RBA will hike interest rates in 2026

The changed outlook is a result of unwelcome inflation data, but could slow down the hot property marketGet our breaking news email, free app or daily news podcastFinancial markets are now pricing in a 100% chance the Reserve Bank will hike rates in 2026, in what would be a blow to mortgage holders but may take some steam out of an overheating property market.The latest forecasts represent a turnaround from just two weeks ago, when traders were factoring in an even chance that the next RBA move would be a cut by its May meeting. Continue reading...