Australia is "third in line" for interest rate hikes, analysts have claimed.
The US Federal Reserve last week made the long-expected move to lift rates in the country after holding them steady for nearly a decade. While the move is likely to see
Aussie rates remain on hold as the Australian dollar falls versus the greenback, a
Sydney Morning Herald report has claimed Australia's next tightening cycle may be less than a year away.
According to the report, Australia could follow the US and the UK in lifting the official cash rate before the end of 2016.
The report quoted Bank of America Merrill Lynch as saying the Reserve Bank could look to remove accommodative policy by the end of next year. Market Economics' Stephen Koukoulas was more hawkish, The Herald said, claiming there should be an "interest rate hiking bias at least" by June next year.
