Snippet from AMP (Australian fund manger), saying the next RBA rate cut is now more likely in December:

  • following recent comments from RBA Governor Lowe indicating he not in a hurry to cut
  • today's CPI data is not low enough to prompt a cut now
  • But the RBA's Statement on Monetary Policy (SOMP, due on November 8) is likely to include cuts to the Bank's growth and inflation forecasts again & underlying inflation remains very weak. Thus while no cut in November, further easing is still likely.