Outside of a wages surprise, Kearns says the cash rate has now peaked but he wasn’t always so dovish. He initially thought the RBA, where he worked for 25 years in domestic markets, financial stability, and economic research, would need to lift the cash rate to about 4.5 per cent, from 4.1 per cent where it has stayed since June. Jonathan Kearns at Challenger says rate cuts are not on the cards until 2025. Dominic Lorrimer But he now believes the cash rate will plateau at 4.1 per cent, while also warning that it could go higher should inflation prove…