Goldman Sachs economists say the Reserve Bank of Australia's September policy minutes were more hawkish than the post-meeting press conference and may have lowered the threshold for a November rate move. The minutes highlighted heightened concern about domestic capacity pressures and treated stronger-than-expected July CPI as supporting evidence. Goldman still expects the cash rate to remain at 4.60%, but says the minutes reduce the hurdle for a November hike, with the decision to depend on Q3 C

Goldman Sachs economists say the Reserve Bank of Australia's September policy minutes were more hawkish than the post-meeting press conference and may have lowered the threshold for a November rate move. The minutes highlighted heightened concern about domestic capacity pressures and treated stronger-than-expected July CPI as supporting evidence. Goldman still expects the cash rate to remain at 4.60%, but says the minutes reduce the hurdle for a November hike, with the decision to depend on Q3 CPI.