Sky-high mortgages, high inflation, possible recession. How The Conversation’s panel sees the year ahead

Homeowners will face mortgage rates near 5.5 per cent in a little over a year, according to a survey of 22 leading Australian economists.

The Conversation’s 2022-23 forecasting survey predicts an increase in the Reserve Bank’s cash rate from its present 0.85 per cent to a peak of 3.1 per cent by next August.