ANZ states RBA hike wagers have cooled, but 3.7% core inflation will keep it cautious
Growth is cooling, but services inflation is not, and that leaves the RBA from relaxing even as the case for another hike fades. ANZ stated the strength of the result looks set to keep the RBA cautious in the coming months.
In this article
In today's inflation data news, growth is cooling, but services inflation is not, and that leaves the RBA from relaxing even as the case for another hike fades, according to investingLive Central Banks. ANZ stated the strength of the result looks set to keep the RBA cautious in the coming months.
Key points
- According to ANZ economist Siddhant Kalra, But persistent inflation means the central bank is unlikely to drop its guard.
- The pressure reveals up most clearly in the RBA's preferred core measure.
- Expectations of further interest rate grows by the Reserve Bank of Australia have cooled as signs mount that the economy is slowing.
- The US Federal Reserve is widely anticipated to raise rates in December following a hotter than expected October inflation report.
Inflation data: the details
Expectations of further interest rate grows by the Reserve Bank of Australia have cooled as signs mount that the economy is slowing. According to ANZ economist Siddhant Kalra, But persistent inflation means the central bank is unlikely to drop its guard. The pressure reveals up most clearly in the RBA's preferred core measure.
The US Federal Reserve is widely anticipated to raise rates in December following a hotter than expected October inflation report, and the Bank of Japan is also anticipated to hike.
Why inflation data matters for traders
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-11) show EUR/USD 1.1127, GBP/USD 1.3307, AUD/USD 0.6859, NZD/USD 0.5583, USD/JPY 159.23, USD/CHF 0.8299, USD/CAD 1.4235, USD/CNY 6.6707. These are reference fixes, not live quotes.
What to watch next for inflation data
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
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FAQ
What is the latest inflation data news?
Growth is cooling, but services inflation is not, and that leaves the RBA from relaxing even as the case for another hike fades.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from investingLive Central Banks, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
