RBA Deputy Governor Hauser Warns Inflation Outlook Is Worse Than Forecast Ahead of November Meeting

Reserve Bank of Australia Deputy Governor Andrew Hauser signaled that the central bank's November 3 policy meeting is live for a potential interest rate increase, warning that Australia's inflation outlook has deteriorated and Q3 trimmed mean inflation is tracking above projections. Speaking at the Citi Australia and New Zealand Investment Conference, Hauser noted persistent capacity constraints and elevated price pressures. The RBA previously raised the cash rate by 25 basis points to 4.60% on September 29. Markets are watching the third-quarter CPI release scheduled for October 28 for further policy direction.