0557 GMT - Australia's 3Q inflation numbers surprised significantly to the upside, radically changing the outlook for official interest rates, says Paul Bloxham, chief economist at HSBC, Australia. The hope had been that core inflation was heading toward the mid-point of the RBA's 2%-3% target band, but instead, core inflation is rising. The disinflationary impulse has completely stalled, and the RBA has no further option to cut its cash rate, he adds. The next move in interest rates will likely be an increase in early 2027, Bloxham says. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

October 30, 2025 01:57 ET (05:57 GMT)

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