“My expectation would be that the RBA is not going to rush into another rate rise in December but as an alternative assess inflation and progress developments around the subsequent couple months, with a potential more charge rise in February if the [December quarter purchaser price index] on 31

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For now, although, traders pared many of the speculation that the central bank will hike all over again. These days’s statement didn't repeat the language in the October board Conference that “some additional tightening of monetary coverage might be essential”.

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