An RBA rate cut is the dark horse on Melbourne Cup Day

RBA rate cut is the dark horse on Melbourne Day

The Reserve Bank of Australia has recently indicated that this Wednesday’s September quarter consumer price index report will be a critical factor when its Board sits to decide on interest rates next Tuesday (Melbourne Cup day). What’s more, there is a reasonable chance that inflation will (again) surprise on the downside. Despite this risk, the market is placing only relatively small odds on a rate cut next week.