Reserve Bank under pressure to dump 2024 near zero rate pledge. I speak with Judo Bank economic adviser Warren Hogan.

Economists are betting the Reserve Bank will use tomorrow's Melbourne Cup day meeting to revise its pledge to keep official interest rates at 0.1 percent until 2024. 

Judo Bank economic advisor Warren Hogan thinks RBA governor Philip Lowe is "in a pickle" about the commitment after evidence that inflation is rising faster than expected. 

ABC's Peter Ryan says alarm bells will be ringing for real estate borrowers who are highly leveraged on cheap money.