TD Securities has revised its rate outlook after stronger-than-expected Q3 CPI
and now expects the Reserve Bank of Australia to hike next week. Analyst
Prashant Newnaha said the print validates the RBA's tightening last month.
Upward revisions to inflation forecasts increase the likelihood of a further
rise in November. TD Securities warns that if the RBA lifts the cash rate to
4.85% next week, it could mark the end of the current tightening cycle.
