Moody's: RBA expected to remain on hold this week

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ODAILY
11-04
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Odaily Planet Daily Report: Moody's analysis in a report said that the Reserve Bank of Australia is likely to remain unchanged at its meeting in November. The official cash rate is currently 4.35%. Although the overall inflation rate has fallen from 3.8% in the June quarter to 2.8% in the September quarter, the core inflation rate remains uncomfortably above the central bank's 2%-3% target range. The inflation data for the December quarter will be released at the end of January. The bank said: "We expect the Reserve Bank of Australia to cut interest rates in February next year, kicking off its easing cycle." (Gold Ten)

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