Former RBA board member on likelihood of November interest rate hike | ABC NEWS
The Reserve Bank of Australia (RBA) meets the day of, and the day before, an interest rates decision.
At around 11:30am on the second day, the members of the board cast their votes on whether they think the cash rate should go up, down or remain unchanged.
The members of the board don’t always agree, but the result has real implications for millions of Australians.
A former RBA board member says it’s “plausible” Australia could see another interest rate hike on Melbourne Cup Day.
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