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Consideration will now shift to September quarter wage price index figures thanks for launch with the Australian Bureau of Figures on 15 November. A pointy pickup in wages may well prompt pundits to forecast a back-to-again rate increase once the RBA subsequent fulfills on five December.

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Australia’s borrowers are dealt another blow with the Reserve Bank lifting its vital interest rate for The 1st time in five months to make certain inflation retains falling.

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