Financial planner’s prediction as RBA keeps cash rate on hold

The Reserve Bank has kept the cash rate on hold for the second consecutive month.

Senior financial planner at Rising Tide Financial Services, Matt Hale, says this could be rate peak.

“The end is nigh if not here,” he told Ross and Russel.

Press PLAY below to hear Mr Hale’s cash rate prediction

“Michele Bullock, the new RBA chief, she’s not going to want to come in and make too many enemies. I think it’s a real matter of what the public can take along with what the inflation numbers say and the June numbers did look a lot better.”