The survey hands the RBA a mixed signal days before its 29 September decision: softer demand and job cuts argue for caution, while faster growth in output prices keeps the inflation case for a hike alive. With markets already heavily priced for a move, the data may do more to shape expectations for November than for next week.
The survey hands the RBA a mixed signal days before its 29 September decision: softer demand and job cuts argue for caution, while faster growth in output prices keeps the inflation case for a hike alive.
With markets already heavily priced for a move, the data may do more to shape expectations for November than for next week.
Energy remains the key transmission channel, with Middle East-driven fuel costs cited as the main source of input price pressure, so oil prices stay central to Australia's inflation outlook.
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The survey hands the RBA a mixed signal days before its 29 September decision: softer demand and job cuts argue for caution, while faster growth in output prices keeps the inflation case for a hike alive. With markets already heavily priced for a move, the data may do more to shape expectations for November than for next week. Energy remains the key transmission channel, with Middle East-driven fuel costs cited as the main source of input price pressure, so oil prices stay central to Australia's inflation outlook.
All four major Australian banks now forecast RBA hike to 4.60% on September 29 RBA governor Bullock flags inflation risks as higher neutral rates come into focus --- Australia's private sector kept growing in September, but only just, with factories contracting and firms cutting staff while still raising prices faster.
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