According to Jinshi, Benjamin Picton, senior strategist for Australia and New Zealand economy and market at Rabobank, believes that the Reserve Bank of Australia will raise interest rates two more times in the future. Part of the reason for raising the number of future interest rate hikes by the Reserve Bank of Australia to two is that asset prices and credit tell us that financial conditions are not tight. House prices rose another 0.8% in May, credit growth accelerated to 0.5% in April, and interest rate spreads tightened.