An interest rate rise could be close after the latest Reserve Bank of Australia minutes were published.
The Reserve Bank of Australia (RBA) has given a big indication that it is going to up the interest rate soon, reports have stated.
Following the release of the minutes of its September board meeting, publications have been quick to deduce that a rise is imminent.
In the document, the RBA - which maintained the official cash rate at 4.5 per cent earlier this month - pointed out that its members realised that investment growths had led to challenges for economic policy and noted there could be pressure on inflation, due to high resource utilisation.
The minutes stated: "The central scenario remained for the Australian economy to grow at trend pace, or a bit above, over the next few years."
This news comes after the organisation revealed earlier this month that Aussie credit conditions were tough across many sectors, but it observed that home loans were OK in May - the last time it lifted rates, to 4.5 per cent.
By Joe Letts
