Australian data - October consumer inflation expectations 4.0% (prior 4.4%) ...Middle East

The Melbourne Institute Survey of Consumer Inflationary ExpectationsOctober 2024 comes in at 4.0%a sharp drop from September's 4.4%The Reserve Bank of Australia target band is 2 to 3% for inflation.Current official CPI and cash rates (this from the RBA website):The most recent communication from the RBA is not dovish:RBA minutes: Board discussed scenarios for both lowering and raising interest ratesLater today we'll hear from the Bank:AUD note: Reserve Bank of Australia's Assistant Governor Economic Hunter speaks later This article was written by Eamonn Sheridan at www.forexlive.com.

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