Australia’s economy running hot despite rising interest rates, but experts urge caution

Underlying inflation ran at a record annual rate of 6.9% in the December quarter, well outside the central bank’s 2%-3% target range. Photograph: REX/Shutterstock

If the Reserve Bank’s record run of interest rate rises is sapping the heat out of the economy, Shannon Battisson isn’t detecting it.

Battisson is national president of the Australian Institute of Architects, representing 14,000 members across the nation, and the director of architecture firm The Mill.