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Notice will now change to September quarter wage selling price index figures owing for launch with the Australian Bureau of Figures on fifteen November. A pointy pickup in wages might prompt pundits to predict a back-to-again rate increase once the RBA following fulfills on 5 December.

For now, although, investors pared a few of the speculation the central bank will hike yet again. Currently’s statement didn't repeat the language from your October board meeting that “some more tightening of monetary coverage might be essential”.

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