Interest rates continue to rise, but how high will they go?

By Noel Whittaker
August 11 2022 - 2:00am
There are two very different viewpoints as to what the future may look like regarding interest rates. Picture: Shutterstock.

Interest rates have just increased by 50 basis points taking the cash rate to 1.85 per cent. It was no surprise - the Reserve Bank has made it clear that rate rises will continue until interest rates reach a level that they regard as normal.