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2025-11-03 10:04:56
[Analyst: RBA Likely to Hold Rates Steady; High House Prices and Weak Employment Complicate Outlook] Analyst James Glynn stated that the Reserve Bank of Australia (RBA) faces a series of worrying economic data this week. Given the increasingly complex economic outlook, the bank is almost certain to keep the cash rate unchanged at 3.60% on Tuesday. It is expected to signal that further rate cuts will not be reconsidered until next year. Last week's third-quarter inflation data almost completely eliminated market expectations of another rate cut at this week's meeting, with some economists even completely ruling out further cuts. Inflationary pressures remain widespread, and some analysts believe that the relatively controlled price increases in recent quarters have been due to government subsidies artificially suppressing electricity prices to some extent. More worryingly, core inflation has returned to the upper limit of the RBA's 2% to 3% target range. Furthermore, national house prices rose at their fastest pace in over two years in October. However, the recent significant rise in the unemployment rate complicates the situation further. But given the signs of a moderate economic recovery this year, the weakness in the labor market may currently be considered a secondary issue.
