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Australia - market is rapidly pricing in a November rate hike after surging inflation data

The Australian inflation data was ugly, higher than Q2 and higher than expectations.Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected)AUD/USD jumped higher on Australian inflation data, November 7 rate hike is likely now.The CPI was the final piece of critical data the Reserve Bank of Australia was waiting for prior to its next meeting on November, 7. There is no reason at all now for the RBA not to hike. There is a meeting in December, but the RBA would prefer to get a hike in soone... Read More

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Content Topics

Australia

Market

Rapidly

Pricing

November

Rate

Hike

After

Surging

Inflation

Forex

Posted: Oct 25 2023, 01:11

Author Name: forexlive

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