Former RBA board member on likelihood of November interest rate hike | ABC NEWS
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The Reserve Bank of Australia (RBA) meets the day of, and the day before, an interest rates decision. At around 11:30am on the second day, the members of the board cast their votes on whether they think the cash rate should go up, down or remain unchanged. The members of the board don’t always agree, but the result has real implications for millions of Australians. A former RBA board member says it’s “plausible” Australia could see another interest rate hike on Melbourne Cup Day. Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, rba, reserve bank of australia, rba interest rate, interest rates, interest rates australia, economy, inflation, mortgage stress australia, mortgage rates australia, australia news, australian news
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