the rate rise we had to have

 The RBA raised interest rates as expected. HERE is an article on the rise which I don't disagree with much.

Models never predict turning points very well. I think we are close to that now. When we are there price rises wil slow quite a lot.

A lot of people are saying it feels like a recession now even the RBA governor has commented on this. It is a load of hooey. ( that is a technical term.) If people simply 'felt' a recession and acted like that then inflation would not be a problem.

It is a bit like people saying housing is now unaffordable. If this was the case then housing prices would have been falling well before interest rates started to rise.

Thus I suspect rates may well fall sometime next year as  inflation falls by more than expected.