The Zhitong Finance App learned that as energy prices rise further highlights the upward risk of inflation, economists said that the Reserve Bank of Australia will raise key interest rates next week and warned of a possible further rate hike in November. Current pricing in the money market shows that the probability that the Reserve Bank of Australia will raise the cash interest rate by 25 basis points to 4.6% next week is about 90%. If the Reserve Bank of Australia raises interest rates as scheduled, this will be the fourth time this year that the central bank has raised interest rates.

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