RBA Likely to Hike Rates in September and November, ANZ Says — Market Talk

The Reserve Bank of Australia is likely to increase the cash rate by 25 basis points in September, with another in November, ANZ says, after adding another hike to its latest projections. That would take the cash rate to 4.85%, the highest since 2008, says Adam Boyton, head of Australian economics at ANZ. The change of view follows hawkish remarks last week by senior RBA officials. The board of the RBA meets early next week. (james.glynn@wsj.com; @JamesGlynnWSJ)