Australia's RBA Likely to Raise Rates Again in November
Dow Jones
Sep 29
0734 GMT - The Reserve Bank of Australia is likely to raise rates again in November following its unanimous and hawkish rate-hike decision earlier, economists at Citi Research say in a report. The Board justified the move on persistently elevated inflation and materializing upside risks, including cost pass-through by businesses, the economists say. "Notably, the Board tightened despite an easing in housing activity, signaling its clear focus on inflation over labor market," the economists added. Citi maintains November as the "sweet spot" for a further 25bps rate increase to a 4.85% terminal rate.
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