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Consideration will now change to September quarter wage rate index figures because of for release from the Australian Bureau of Figures on 15 November. A pointy pickup in wages may well prompt pundits to predict a back again-to-again level rise once the RBA up coming meets on five December.

For now, even though, investors pared many of the speculation the central bank will hike once again. Right now’s assertion didn't repeat the language within the Oct board Assembly that “some further tightening of monetary policy could possibly be essential”.

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