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AAP
AAP
Business
Jacob Shteyman

Hot or not? Strong spending complicates rate picture

Reserve Bank Interest Rates RBA Australia Economy Commonwealth Bank Inflation
Resilient household spending may play a role in determining the future direction of interest rates. (Dean Lewins/AAP PHOTOS)

Household spending continues to build momentum, heightening expectations of a Reserve Bank rate hike.

After official figures released on Monday showed stronger-than-expected spending in November, data from Commonwealth Bank revealed no let-up in consumption despite a gloomier outlook for interest rates.

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