<p>AUD has popped a little higher on the higher than expected <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__main-term">inflation</a> data</p><p>more to come</p><p>The 'trimmed mean' is a core measure – the RBA target band for core inflation is 2 to 3 %. </p><p>Another of the core measures is the weighted median that has come in at +1.4% q/q and 5% y/y.</p><p>-</p><p>Expectations are for the Reserve Bank of Australia to raise its cash rate by 25bp next week, the meeting is November 1. </p><p>This hotter than expected data today will increase the prospects of a 50bp rate hike instead. Given the RBA has said they expect inflation to get worse before it gets better I suspect this print today is not enough to trigger them to +50bp next week. </p>
This article was written by Eamonn Sheridan at forexlive.com.
