Australia's RBA says Q3 inflation key for November rate call
Its remarks open door to possible easing in policy; cut would surprise markets
Sydney
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 year or next as Australia's A$1.6 trillion (S$1.7 trillion) economy marks a quarter century of growth without recession.
TRENDING NOW
Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business
Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend