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AAP
AAP
Politics
Poppy Johnston

Consumer spending the wildcard in rate hike uncertainty

Australians are looking to save rather than spend, leaving some uncertainty around interest rates. (Diego Fedele/AAP PHOTOS)

Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer.

The minutes from the central bank's May meeting confirmed a rate hike was a live consideration, with spending habits a key source of uncertainty. 

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