Expectations for further Reserve Bank of Australia (RBA) rate rises have cooled
amid signs Australia’s economy is slowing, but inflation remains persistent, ANZ
economist Siddhant Kalra says. Q3 trimmed-mean inflation was a strong 3.7% YoY,
and market services inflation posted its largest YoY gain since 2024. Given the
link between market services inflation and domestic capacity pressures, ANZ says
the print will keep the RBA cautious in the coming months.
