The recent interest rate rise of 0.25% to 3.25% will have little impact on the Australian economy considering the level has been reducing over the last year to historical lows and that consumers have been factoring a rise in recent months. The economy has been performing well and will continue to be resilient as long as subsequent anticipated interest rate rises are gradual. The RBA will continue to ensure the balance between growth and overheating against a stagnating economy is well managed.
