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Australia's RBA says Q3 inflation key for November rate call

Its remarks open door to possible easing in policy; cut would surprise markets

Mr Lowe says that policy makers have to "guard" against the risk that sluggish consumer prices would feed into ever-lower expectations for inflation, leading to an unwelcome downward spiral.


AUSTRALIA'S central bank says coming data on inflation and employment will be critical for interest rates at its next meeting on Nov 1, opening the door to a possible easing in policy.

A cut would surprise markets, which are pricing in only a small chance of an easing this...