That’s a possibility economists are mulling over after the Reserve Bank board’s latest thinking was released yesterday. While they discussed keeping the official cash rate where it was, high inflation, higher-than-forecast rent increases and low unemployment led to the 0.25% hike to 3.85% a fortnight ago. And they agreed further increases may be needed depending on how the economy was tracking, with inflation set to remain high until June 2024. That was backed up by former RBA Governor Glenn Stevens, who said yesterday the world is shifting away from the “ultra-low rates” of recent years. Cue the banks preparing for a rise in borrowers experiencing financial stress… And economists will be keeping an eye on the Bureau of Statistics’ latest wages figures out today – some are predicting another rate hike next month if it’s a strong result. That’s because more money in our pockets = more spending = inflation pressure. And around we go…