What experts think of the RBA’s interest rate rises – and what they say is coming next

The Reserve Bank’s announcement of ‘further increases in interest rates’ came as a surprise to some economic observers. Photograph: Steven Saphore/AAP

The Reserve Bank surprised many on Tuesday by stating its expectation that “further increases in interest rates will be needed over the months ahead”, after another 25 basis point rise.

Unlike previous years, the RBA governor, Philip Lowe, did not back up the RBA’s first rates meeting of 2023 with a speech to explain his thinking – his first outing is not until 17 February, when he is scheduled to front a House of Representatives committee.