Economic calendar in Asia Wednesday, 25 October 2023 – Australian Q3 inflation data

<p>The eagerly awaited Q3 CPI from Australia is due at 11.30am local time:</p><ul><li>0030 GMT </li><li>2030 US Eastern time</li></ul><p>Higher than expected CPI will fuel the potential from a Reserve Bank of Australia rate hike at its next meeting on 7 November. Australia's employment market is solid and inflation rates remain elevated. New Governor Bullock has sounded more hawkish than previous Governor Lowe and this from the last set of minutes is perhaps a reason to be wary:</p><ul><li>the Board has a low tolerance for a slower return of inflation to target than currently expected</li></ul><p>Previews:</p><ul><li><a href="https://www.forexlive.com/centralbank/aud-traders-nab-says-cpi-data-to-be-higher-than-rba-expects-forecast-november-rate-hike-20231023/" target="_blank" rel="follow" data-article-link="true">AUD traders – NAB says CPI data to be higher than RBA expects, forecast November rate hike</a></li><li><a href="https://www.forexlive.com/centralbank/the-good-news-bad-news-preview-of-australia-cpi-data-due-wednesday-20231023/" target="_blank" rel="follow" data-article-link="true">The good news / bad news preview of Australia CPI data due Wednesday</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.