The eagerly awaited Q3 CPI from Australia is due at 11.30am local time:
- 0030 GMT
- 2030 US Eastern time
Higher than expected CPI will fuel the potential from a Reserve Bank of Australia rate hike at its next meeting on 7 November. Australia’s employment market is solid and inflation rates remain elevated. New Governor Bullock has sounded more hawkish than previous Governor Lowe and this from the last set of minutes is perhaps a reason to be wary:
- the Board has a low tolerance for a slower return of inflation to target than currently expected
Previews: