“No matter whether even more tightening of financial policy is necessary in order that inflation returns to focus on in a reasonable timeframe will rely on the information and also the evolving evaluation of pitfalls,” Bullock claimed from the statement.

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Awareness will now shift to September quarter wage price tag index figures because of for release through the Australian Bureau of Stats on 15 November. A sharp pickup in wages might prompt pundits to predict a back again-to-back price increase in the event the RBA future fulfills on five December.

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