TODAY'S MARKET INTELLIGENCE
RBA Deputy Governor Warns: Oil Price Surge Worsens Inflation Outlook, November Rate Hike Odds Rise
English summary
RBA Deputy Governor Andrew Hauser stated that while tightening has cooled the economy, Brent crude surpassing $110 has materially worsened the inflation outlook. Market odds for a November hike to 4.85% rose to ~50%, with Goldman Sachs suggesting a hike is likely unless CPI surprises lower. The central bank faces a dilemma between controlling inflation and protecting employment.
The English text is machine translated and may require verification against the Chinese version.
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