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People walking past the RBA sign
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Speculation continues to mount regarding an out-of-cycle rate increase by Australian banks. Photo: Shutterstock

Banks likely to hike as RBA keeps rates on hold

Economists expect Australia’s biggest banks to hike interest rates over the next 12 months even as the Reserve Bank keeps the official cash rate at its record low.

The RBA held the cash rate at 0.1 per cent at this month’s board meeting, acknowledging that the Delta outbreak had interrupted the nat…

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