Not a safe bet, but Melbourne Cup Day rate hike a rising risk

After twelve interest rate rises since May last year, bets are rising that troublesome inflation might force the Reserve Bank to deliver yet another rate hike in the coming months. While the RBA's cash rate looks like staying on hold at tomorrow's Board meeting, AMP chief economist Shane Oliver think a November rate rise on Melbourne Cup day is emerging as a real possibility. Reporter: Peter Ryan, Senior Business Correspondent Featured: Shane Oliver, AMP chief economist