According to Fortlake asset management co-founder Christian Baylis (quoted by the AFR):
When you compare Australia to other economies, they are much closer to their neutral real level with their policy rates of 5% and inflation around our level. This means the RBA ultimately has more to do. I think three rate hikes at the minimum, as we are getting more inflation symptoms, not less.
Baylis believes there's an even chance the RBA will boost the official cash rate when the board next meets on 18 June.
