Interest rates all but certain to rise in October but end of big hikes nearing, RBA governor says

Reserve Bank board will consider either a 25 or 50 basis point rise at next month's meeting, Philip Lowe tells MPs

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The Reserve Bank of Australia is all but certain to raise interest rates in October - its sixth hike in a row - the RBA governor, Philip Lowe, has told a parliamentary committee.

Lowe told a House of Representatives' economics committee on Friday the board would consider either a 25 basis point rise, or a fifth successive 50 basis point lift.

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