Economists gradually give up on the expectation that the Reserve Bank of Australia will cut interest rates in February next year

According to Jinshi Data, economists and money markets are gradually giving up their expectations that the Reserve Bank of Australia will cut interest rates in February next year. If the inflation data in October rises, more economists may give up this expectation.

Ben Jarman, an economist at JPMorgan Chase, expects the CPI index to fall 0.3% month-on-month and the annual inflation rate to rise 0.1% year-on-year to 2.2%. Government subsidies to ease rising electricity prices are expected to weigh on the economy.