VIDEO: Thursday finance with David Chau
The odds of an interest rate hike by June have jumped to 60 per cent, according to money markets. That's after the latest ABS data revealed a higher-than-expected jump in household spending — and is likely to raise inflation 'red flags' for the Reserve Bank of Australia (RBA).
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The odds of an interest rate hike by June have jumped to 60 per cent, according to money markets. That's after the latest ABS data revealed a higher-than-expected jump in household spending — and is likely to raise inflation 'red flags' for the Reserve Bank of Australia (RBA).