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Business

Jacob Shteyman

Rate hike odds spike for 'live' March RBA meeting

Inflation Iran Michele Bullock Reserve Bank the Reserve Bank Economy Oil

Strong economic data has raised GDP growth predictions along with expectations of a rate rise. (Dean Lewins/AAP PHOTOS)

Traders upped their bets for a Reserve Bank rate hike in March to a one-in-three chance after the central bank's governor said the meeting would be "live".

While Michele Bullock was careful not to signpost the RBA's decision on March 17, her comments disabused any doves of the belief the board would only change the cash rate after quarterly inflation data, which is not due out until April.

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