More than one interest rate rise on the cards for 2015: ANZ
The general consensus is that the next movement we’ll see from the Reserve Bank of Australia will be an increase.
The main question is ‘when?’
Finder’s regular monthly RBA survey saw all the experts surveyed in September opt for the rates on hold prediction, which unsurprisingly turned out to be correct.
Interestingly, more than half of those surveyed predicted the increase would come in the second half of 2015.
Not in agreement with this general prediction is ANZ. In the Finder survey, Warren Hogan tipped an increase in the second quarter of 2015, as did three others.
Now ANZ have re-confirmed their opinion on a potential interest rate rise.
ANZ Research's David Croy noted that they are actually expecting three hikes from the RBA next year, in May, June and November.
Other forecasters are predicting that a rate rise may come even sooner.
Nicki Hutley of Urbis, predicted a rise as early as December this year.
“The Australian economy is still seeing growth a little below par," said Hutley. "Inflation is picking up but not yet alarmingly so... so the RBA won’t be in any hurry to move,” she said at the beginning of the month. However, she did note that the New Year is also an option for a rise.
10 of the 25 surveyed expected an increase in the first half of next year. This has been an opinion held for many months now, with ME Bank noting in June that rises are not expected until 2015.
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