00:00 Experts are warning Australians to brace for more interest rate pain in 2023 00:48 We're gonna look at how high interest rates are likely to go in 2023 00:57 Let's start off with what the Reserve Bank of Australia did in 2022 02:53 Where Australian interest rates are forecast to go in 2023? 03:03 Commonwealth Bank believes that the Reserve Bank will... 03:18 Economists at Westpac and a ANZ suspect the reserve bank will... 03:58 NAB forecast is a little bit more conservative. It expects the cash rate to hit... 04:18 February 2023 RBA meeting cash rate forecast 04:34 Commonwealth Bank is predicting the cash rate will hit its peak of 3.35% by February of 2023, 04:47 Westpac is saying that the cash rate will hit 3.85% in May of 2023 04:58 NAB predicting 3.6% by March, 2023, remaining steady until 2024. 05:05 ANZ saying 3.85% by May, 2023 05:35 What happens if you are currently fixed and what should you do? 06:04 How have rate hikes affected property prices? 06:26 Values have fallen around 7% since its peak in April of 2022 06:44 Value decreases slowing 07:03 What will RBA do moving forward 08:51 Can cope with the increased, elevated mortgage rates
