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Economics

ANZ Bank Chief Sees a ‘Lot More Rate Rises’ Coming in Australia

  • Central bank is projected to hike by 25 basis points next week
  • Governor Lowe is under pressure after previous rates guidance
Residential buildings in Sydney.

Residential buildings in Sydney.

Photographer: Brendon Thorne/Bloomberg
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The chief of one of Australia’s largest commercial banks warned the strength of the nation’s economy suggests that markets and home owners should brace for “a lot more rate rises.”