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AAP
AAP
Business
Jacob Shteyman

Hard choices ahead for Reserve Bank: deputy governor

Remarks from RBA deputy governor Andrew Hauser point towards a November interest rate hike. (Lukas Coch/AAP PHOTOS)

Traders have upped their expectations for a November rate hike after the Reserve Bank's second-highest ranking official said the board was considering raising rates further, even though it would hit the economy and unemployment.

Implied odds for a Melbourne Cup day rate hike have lengthened since jobs figures for September came in softer than expected.

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