Interest rates are likely at peak days the banks

New RBA governor Michele Bullock assumed the role yesterday (18 September) following Mr Lowe’s departure after his seven-year tenure.

She assumes the role at a time where all the bank economists are of the view that inflation is now under control and interest rates have peaked or close to peaking.

Commonwealth Bank of Australia (CBA) economist Stephen Wu - CBA’s view that the current cash rate of 4.1 per cent is likely the apex of the cycle

Westpac chief economist Bill Evans the current cash rate of 4.1% looks to be “sustained for the remainder of the cycle”

ANZ economist  Adam Boyton is if the view that  the cash rate should have an extended pause

The NAB Group economics team bekieved there will be a final cash rate hike forward to November from December, to a peak of 4.35 per cent.

Source 

Mortgage business