Soaring inflation and aggressive central bank hikes were the theme of 2022, but will they continue with gusto in 2023? Here's what the experts think.
"It feels like we're peaking now between 7 and 8 per cent," said Dr Hunter.
"But the challenge for the RBA is getting from that point, to that 2 to 3 per cent band," she argued. "I think that's going to be the big story for next year, how much further for rates, how long do they hold and how quickly do we see the pricing dynamics and inflation ultimately being consistent with 2 to 3 per cent.
"But there's a lot of uncertainty about just how that's going to pan out and the long-term consequences for growth, if central banks fail to get inflation back closer to target over the next year, or the next couple of years, that can be very, very detrimental."The Reserve Bank of Australia, like just about every other central bank globally, lifted rates throughout 2022.
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