New governor Michele Bullock along with the board experienced recently sent recurring indicators they were being poised to resume rate rises if inflation didn’t sluggish as anticipated. The RBA stays ready to hoist fascination rates once more if expected, she stated in an accompanying assertion.
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Attention will now shift to September quarter wage price index figures because of for release through the Australian Bureau of Studies on fifteen November. A pointy pickup in wages may possibly prompt pundits to predict a again-to-back fee increase in the event the RBA subsequent fulfills on 5 December.
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