Michele Bullock's final speech before RBA board meeting cements interest rate rise bets

Michele Bullock says Australia's jobs market is probably still a bit too tight and putting upwards pressure on inflation. ( ABC News: John Gunn )

All four major banks and the bulk of money market traders believe the Reserve Bank will raise interest rates next week.

RBA governor Michele Bullock said Australia's jobs market was still putting upwards pressure on wages, business costs and inflation.

The RBA Monetary Policy Board meets on September 28-29.

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All four major banks and the bulk of money market traders believe the Reserve Bank will raise interest rates next week and governor Michele Bullock did nothing to dissuade them in her last public appearance before the meeting.