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Rate Rise on the Table: RBA Eyes September 29 as Bond Storm and GDP Data Firm Hike Predictions | Lavamgam

Economy

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Rate Rise on the Table: RBA Eyes September 29 as Bond Storm and GDP Data Firm Hike Predictions

The Reserve Bank is now almost certain to raise interest rates on September 29, with a surprise US jobs report and soaring global bond yields turning what was a close call into a near certainty for Australian borrowers.

What's Driving the Decision

Two powerful forces are converging on the RBA's Martin Place boardroom. The US Federal Reserve is now expected to hike after employers added 162,000 jobs in August, far above the 65,000 forecast, giving...