The post RBA poised to keep interest rate unchanged amid inflation pressures, resilient labor market appeared on BitcoinEthereumNews.com.

The Reserve Bank of Australia (RBA) is widely expected to maintain the Official Cash Rate (OCR) at 3.6% after its November monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT. The Monetary Policy Statement (MPS) will be accompanied by the quarterly economic forecasts, followed by RBA Governor Michele Bullock’s press conference at 04:30 GMT. The Australian Dollar (AUD) remains at risk of experiencing intense volatility on any surprises in the central bank’s updated projections or Governor Bullock’s press conference. RBA on-hold again, cautious on future rate cuts? While speaking at the Australian Business Economists’ Annual Dinner, in Sydney, on October 27, RBA Governor Bullock noted that “inflation is back in the target band and the Unemployment Rate is still pretty low, so still in good condition.” Bullock said further that “we will have to decide whether a cut is needed to help the job market,” as “there’s still a bit of tightness in the labor market.” The Minutes of the RBA’s September monetary policy meeting also highlighted that “labor market is still a little tight,” and that “forward indicators are steady.” Bullock’s words and the RBA Minutes clearly indicate that the central bank’s focus is on the labor market amid an impressive jump in the Australian Consumer Price Index (CPI) by the most in 2-1/2 years in the September quarter. On October 29, the data released by the Australian Bureau of Statistics (ABS) showed the CPI rose 1.3% in the third quarter, beating the forecast of 1.1% growth. The annual CPI inflation rate leaped to 3.2%, from 2.1%, breaking through the top end of the RBA’s 2% to 3% target band. Meanwhile, the Unemployment Rate jumped to an almost four-year high of 4.5% in September, according to the ABS data, topping the RBA’s peak forecast of…

---

Filed under: News - @ November 3, 2025 10:28 pm