RBA Warns Interest Rates Might Stay Higher Amid Rising Consumer Spending 🚗

Reserve Bank Governor Michele Bullock has warned Australian interest rates may not fall as far as some people expect because of a rise in consumer spending; Insurance data shows car theft in Victoria is climbing dramatically despite falls in other parts of the country; and the Australian sharemarket has its best day in a couple of weeks on hopes the US may indeed cut interest rates this month.

00:00 RBA Governor keeps eye on consumer spending
01:27 Australian sharemarket's best day in two weeks
03:05 Victoria sees an increase in motor theft claims

Ricardo Gonçalves breaks down the day's financial news in On The Money.

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