Australia economy slows in Q2, keeping RBA rate-hike odds elevated
Australia’s Q2 growth lost momentum as higher borrowing costs and costly fuel squeezed households, though growth stayed solid. That keeps a near-term Reserve Bank of Australia rate hike firmly in play.
Australia's economy lost momentum in the second quarter as higher borrowing costs and costly fuel squeezed households, though growth remained solid enough to keep a near-term interest rate hike firmly in play.Markets responded by boosting the odds of a fourth rate hike from the Reserve Bank of Aust…