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“Whether additional tightening of monetary coverage is required in order that inflation returns to target in an affordable timeframe will rely on the data along with the evolving evaluation of hazards,” Bullock mentioned during the assertion.

Attention will now change to September quarter wage value index figures thanks for release because of the Australian Bureau of Data on 15 November. A sharp pickup in wages could prompt pundits to forecast a again-to-again price rise if the RBA following meets on five December.

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