Her comments come as the RBA is set to make its decision today on whether they will continue to increase interest rates.
“We’ve been of the view for a while that the RBA is likely to pause interest rates and not hike anymore for this cycle,” Ms Mousina told Sky News Australia. “We’re seeing consumer spending start to soften, the housing sector is clearly in trouble in some parts, building approvals are down by 50 per cent for multi-units compared to a year ago – the construction industry is suffering, home prices are starting to tick up.
“Also, there’s signs that inflation is starting to soften in Australia or at least trend down which is good news.”
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