Defying traders, these economists say the RBA will keep raising rates

They may be an increasingly small number, but a defiant minority of economists say they remain convinced that the Reserve Bank of Australia will increase interest rates despite market conviction they have peaked. Faraz Syed, a senior economist at Citi, is leading the contrarian charge and says he believes that the market is misjudging the situation. “The market pricing suggests that the RBA is done raising rates, but we think it’s underpricing the risk of elevated underlying inflation,” Syed said.