QIC sees risk of further RBA rate hikes beyond November as inflation persists
Bitget2026/10/30 04:57- QIC’s October 30, 2026 analysis warns Australian interest rates may rise beyond November, increasing recession risks as growth remains below trend.
- September headline inflation reached 4.3%; underlying inflation stood at 3.6%, with little prospect of easing for at least six months.
- Brent crude exceeded US$110 a barrel, sustaining inflation pressures through imports and domestic supply chains.
- Consumer spending remains resilient, while data center investment adds to demand pressures despite earlier rate increases.
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