Just as Australia’s central bank was on track to meet its inflation and employment mandate, fresh data may suggest emerging headwinds that challenge the interest rate-setting board’s assumptions.
Third-quarter consumer-price data on Wednesday is shaping as a critical guide for Governor Michele Bullock and her colleagues ahead of their Nov. 3-4 policy meeting. Economists predict the closely-watched trimmed mean figure will stall at 2.7%, compared with the Reserve Bank’s August expectation of a fall to 2.6%.