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Banks flag imminent consecutive double rate rises

Commonwealth Bank and Westpac economists have predicted the Reserve Bank of Australia (RBA) to bump up official rates to 1.35% when it next meets in July; NAB and ANZ believe there will be another double hike in the next two months.

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Read more: WestpacReserve Bank of AustraliaANZCommonwealth BankNABScott RundellHSBC Global ResearchMutual LimitedSally Tindall