Australia – Demand for luxury supercars "through the roof"

<p>This in the local media (The Australian) in Australia on the day that the data shows surging inflation and pricing for an RBA rate hike on November 7 has surged in response:</p><p>Perhaps a +50bp rate rise in November would be better?</p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/news/australian-q3-2023-headline-cpi-12-qq-vs-11-expected-20231025/" target="_blank" rel="follow" data-article-link="true">Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected)</a></li><li><a href="https://www.forexlive.com/centralbank/australia-market-is-rapidly-pricing-in-a-november-rate-hike-after-surging-inflation-data-20231025/" target="_blank" rel="follow" data-article-link="true">Australia – market is rapidly pricing in a November rate hike after surging inflation data</a></li><li><a href="https://www.forexlive.com/centralbank/anz-forecasts-a-25bp-rba-interest-rate-hike-on-november-7-previous-forecast-was-december-20231025/" target="_blank" rel="follow" data-article-link="true">ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)</a></li></ul>

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