ANZ expects RBA cash-rate hikes in September and November
ANZ says the Reserve Bank of Australia is likely to raise the cash rate in September and again in November, taking it to 4.85%—its highest level since 2008.
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Australian dollar rallies toward $0.72 on rising RBA hike odds
The Australian dollar rose toward $0.72 to a fresh three-month high as markets increased expectations for an RBA rate hike following hotter-than-expected July inflation.