This in the local media (The Australian) in Australia on the day that the data shows surging inflation and pricing for an RBA rate hike on November 7 has surged in response:
Perhaps a +50bp rate rise in November would be better?
Earlier:
- Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected)
- Australia – market is rapidly pricing in a November rate hike after surging inflation data
- ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)
This article was written by Eamonn Sheridan at www.forexlive.com. Source