Reserve Bank on track for Melbourne Cup Day rate hike; Westpac in $7.2 billion full year profit

Will they or won't they? The Reserve Bank is poised for a lineball decision on whether to deliver the 13th interest rate rise since May last year. Economist Brian Redican says a hike will hurt households already on the brink while at the same time it's a test for the RBA's credibility on inflation. Reporter: Peter Ryan, Senior Business Correspondent Featured: Brian Redican, chief economist, T-Corp; Peter King, chief executive, Westpac