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RBA tipped to hike interest rates again, potentially in September | Finance Report | ABC NEWS
Three of Australia’s largest banks — NAB, ANZ and Commonwealth Bank — are now predicting there will be another interest rate hike, potentially as soon as next month.
Markets are ‘pricing in’ a 40 per cent chance of a September rate increase.
The Reserve Bank is likely to be concerned about the latest ABS data showing a surge in discretionary consumer spending on gambling, major sporting events and visits to the cinema.
The prospect of a fourth rate rise from the RBA boosted the Australian dollar to a three-month high, while the local share market experienced heavy losses.
While Qantas revealed a 20 per cent fall in its statutory full-year profit due to the recent surge in jet fuel prices, Wesfarmers reported an 8.3 per cent jump in annual profit.
Presented by David Chau.
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Read more here: https://www.abc.net.au/news/2026-08-27/asx-markets-business-news-live-updates-thursday-27-august/107083084
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