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The Reserve Bank of Australia is likely to raise rates again in November following its unanimous and hawkish rate-hike decision earlier, economists at Citi Research say in a report. The Board justified the move on persistently elevated inflation and materializing upside risks, including cost pass-t…
The Reserve Bank of Australia has more work to do to tame inflation, and by the time it is done, the official cash rate should be at its highest level since 2008, says Adam Boyton, head of Australian economics at ANZ. The RBA will likely raise its policy rate next week and again in November, taking…