WEEKEND ECONOMIST: Cup runneth over

While the Reserve Bank of Australia will most likely not raise rates next week, as the economy improves rate rises on Melbourne Cup Day and in December should be expected.

The Reserve Bank board meets on Tuesday, October 6 next week. We do not expect the bank to change rates at that meeting. However, we do expect the associated statement from the governor to set the scene for a tightening at its next meeting on November 2.


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