Reserve Bank rate rise strategy the new "barbeque stopper". Deutsche Bank chief economist Phil O'Donoghue tips 2.1pc cash rate by October

The Reserve Bank's decision to deliver a super-sized interest rate yesterday hike surprised most economists - but the message to borrowers this morning is "get ready for more". 

Expectations are that the RBA's official cash rate could hit more than two percent by the end of year - and that means aggressive rate increases in the coming months to get the inflation genie back in the bottle.

Deutsche Bank chief economist Phil O'Donoghue tips 2.1pc cash rate by October and thinks the RBA will raise rates by another 0.5 percentage points in July.

Here's my analysis from The World Today on ABC Radio

I spoke earlier on ABC NewsRadio with Tom Oriti