CBA: RBA expected to cut interest rates in December rather than November

Odaily Odaily News: Australia's August employment report was very strong, so the Commonwealth Bank of Australia (CBA) postponed its forecast for the first rate cut by the Reserve Bank of Australia from November to December. Gareth Aird, CBA's head of Australian economics, said, "Not everyone is ready for a rate cut in November." He added that while inflation will cool further, strong recent employment growth, coupled with the relatively hawkish remarks of the Reserve Bank of Australia Chairman Bullock, means that it is more likely that the cash rate will begin to normalize in December. (Jinshi)