According to Odaily, Moody's Analytics has released a report indicating that the Reserve Bank of Australia (RBA) is likely to maintain its current stance during the November meeting. The official cash rate remains at 4.35%. Despite the overall inflation rate dropping from 3.8% in the June quarter to 2.8% in the September quarter, core inflation continues to exceed the central bank's target range of 2%-3%, causing concern.
The inflation data for the December quarter is expected to be released at the end of January. Moody's Analytics stated, 'We anticipate that the RBA will begin its easing cycle with a rate cut in February next year.'
