Odds of fifth interest rate hike this year shorten as RBA deputy warns inflation outlook ‘worsening’

Andrew Hauser says central bank faces ‘hard choices’ as it looks to balance risks of entrenched inflation with desire to protect labour market Get our breaking news email , free app or daily news podcast The chance of a fifth interest rate hike on Melbourne Cup day has jumped after Andrew Hauser, the Reserve Bank’s deputy governor, warned of “hard choices” amid a “materially worse” inflation outlook.

Hauser, speaking at an investment bank conference in Sydney on Wednesday morning, said the…