Marex economist Ivan Colhoun said if the RESERVE BANK OF AUSTRALIA delivers a
second consecutive rate rise next week, policymakers are likelier to stand pat
afterward to assess the impact of earlier tightening rather than force a sixth
hike. October inf data could change that outlook. With the full effects of prior
hikes still unfolding and the federal government planning to announce spending
cuts in December, the RBA may prefer to wait to gauge the scale and credibility
of fiscal tightening.
