Stronger-than-expected GDP growth raises prospect of rates hike | ABC NEWS

2 hours ago The News Room

The Australian economy has grown by 0.4 per cent in the June quarter, according to the latest GDP report from the Australian Bureau of Statistics (ABS).
The data also shows household spending continued to be resilient due to strong savings in the April to June period.
Oxford Economics’s Ben Udy says a stronger-than-expected economy and stubborn inflation will likely trigger a rates rise by the RBA.

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