The central bank is gearing up for another rate rise as some economists grow concerned about aggressive hikes plunging the economy into a recession. Many experts are forecasting another supersized 50 basis point hike, although a smaller 25 basis point lift has not been ruled out. The Reserve Bank of Australia has indicated it is getting closer to a “neutral” rate, which is where monetary policy is neither stimulatory nor contractionary. AMP Capital’s Shane Oliver said the fastest rate hiking cycle since 1994 risked throwing the economy into a “recession we don’t have to have”. He told AAP that Australia had much ... (full story)