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Asia week ahead: RBA meeting and a flurry of regional growth and inflation reports
The Reserve Bank of Australia will likely hike rates next week, while third-quarter GDP reports could show economies slowing across the region. Reserve Bank of Australia likely to hike rates Inflation has been drifting higher over the last two months, and although this is partly due to less favourable base effects, the monthly run rates for August and September were close to 0.6% month-on-month. This is far higher than what is consistent with a return to the Reserve Bank of Australia’s target inflation range of 2-3%. Given the RBA’s latest indication of a low tolerance for inflation remaining above target ... (full story)