Former Reserve Bank of Australia senior official Jonathan Kearns said the RBA is
likely to raise rates at its September meeting and that July inflation points to
a strong Q3 print. He expects the cash rate to reach about 4.6%—near a 15‑year
high—enough to slow growth and pull inflation toward a 2–3% range, and projects
house prices will fall roughly 10%. He also noted the RBA’s latest quarterly
forecasts still see inflation not returning to the 2.5% midpoint until early
2028.
