0602 GMT - Bets on whether the Reserve Bank of Australia will cut interest rates for a fourth time this year in November will firm up with the release next Wednesday of Australia's 3Q inflation numbers. CBA economist Trent Saunders expects that there will be too much heat in prices for the RBA to cut again this year. CBA is forecasting trimmed mean inflation could run as high as 2.9% on-year in the quarter, which would unnerve the RBA. Still, the narrative from the RBA will need to include something about a recent jump in unemployment, with the RBA leaving the door open to a further cut in February, he adds. (james.glynn@wsj.com; Twitter @JamesGlynnWSJ)

(END) Dow Jones Newswires

October 22, 2025 02:02 ET (06:02 GMT)

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