Rate Rise All But Certain as Inflation Spreads From Fuel Pumps to Big Macs

4.6% — the RBA cash rate on September 29, according to bond markets that Macquarie now says are pricing in a rate hike with near certainty.

Money Moves

• Macquarie flags imminent RBA hike — Analysis of central bank language shows hawkishness has intensified since the August meeting, with bond markets now pricing in almost certain rate rise on September 29
• Chalmers briefs nervous Labor MPs — Treasurer held private caucus meeting warning backbenchers...