PSK Weekly Wrap
Rise in Aussie dollar puts RBA rate cut in play
1 Nov 2019
Australian inflation surprisingly rose to 1.7%. The move up caught many off guard, with the market now dialling down the probability of another RBA rate cute before year end. Australian inflation remains well below the RBA’s preferred range, with the RBA now firmly focused on slack in the labour market and strength in the Aussie dollar.
