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2025-10-29 09:51:43
[Capital Economics: Strong underlying inflation in Australia reduces the likelihood of further easing of policy by the central bank] Capital Economics analyst Marcel Thieliant said in a commentary that the strength of potential inflation in Australia reduces the likelihood of further easing of monetary policy by the Reserve Bank of Australia. The revised average CPI accelerated from 0.6% in the second quarter to 1.0% in the third quarter. Thieliant pointed out that RBA Governor Bullock said earlier this week that a month-on-month growth rate of at least 0.9% would constitute a "significant" upward surprise. Overall, the RBA will almost certainly keep its policy rate unchanged at its meeting next week. Thieliant added, "With economic activity now rebounding, the current risks are clearly tilted towards a smaller rate cut than the two 25 basis point cuts that we currently estimate."
