Australian markets are bracing for a near-certain RBA rate rise next week;
markets should also weigh the risk of a further December hike, which would be
the sixth increase. AMP chief economist Shane Oliver called a December move
‘high-risk’ but said it is not his base case. He expects next week’s hike should
allow the RBA to pause; if the central bank intends another increase it may wait
until February to assess the impact after two consecutive meetings.
