Australian Share Market Dips on Rate Hike Warnings

The Australian share market dipped near noon AEST today due to concerns about potential back-to-back interest rate rises.

Economists are warning that inflation and economic growth remain too high for the Reserve Bank of Australia's comfort, with Goldman Sachs bringing forward its call for an RBA rate increase.

Metcash saw a slight decline of one per cent despite releasing a positive trading update, while energy stocks surged due to higher oil prices.