The Reserve Bank of Australia (RBA) has released new data showing that housing credit remains strong, as is typically the case, while business credit is increasing at a notably faster pace.

Despite this growth, inflation figures from Australia suggest the RBA is likely to keep interest rates steady for the foreseeable future. However, the possibility of a rate rise as the next move cannot be entirely dismissed.

Nathan Auld from the National Australia Bank (NAB) has commented that the RBA may need to begin hiking rates by early 2026 as the economy approaches its capacity limits.

Original Source: Eamonn Sheridan of investinglive.com