The latest economic national accounts and Australian government borrowing costs hitting a 15-year high on Wednesday will embolden the Reserve Bank of Australia to pull the trigger on an interest rate rise on September 29.While the modest 0.4 per cent economic growth in the June quarter and more solid 2.1 per cent expansion through the year were hardly stellar, there are no real signs of a material economic slowdown required to get inflation under control.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The RBA now has the data it needs to lift interest rates this month
The latest economic national accounts and government borrowing costs hitting a 15-year high will embolden the Reserve Bank to pull the trigger on an interest rate rise on September 29.
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