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Australia rate risk grows as house prices jump and IMF chimes in

Chances of an imminent hike in Australian interest rates grew on Wednesday after data showed house prices rebounding to near record highs and the International Monetary Fund recommended tightening monetary and fiscal policy screws to curb inflation. Markets responded by pricing in a near-70% chance that the Reserve Bank of Australia (RBA) will raise rates by a quarter point to 4.35% when it meets on Nov. 7, ending four months of keeping rates on hold. High readings for inflation and consumer s...
New South Wales Western Australia Simon Cameron Moore Wayne Cole Martin Foo Stella Qiu
Source: yahoo.com

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