Central banks RegionChina & Asia-Pacific Impact Notable
Australia Q3 core CPI beats forecasts, RBA hike case firms
What happened
Australia's Q3 trimmed mean CPI, the RBA's core gauge, rose 1.0% q/q and 3.7% y/y, above the 3.6% expected. Headline CPI rose 1.3% q/q. The big four banks had seen trimmed mean up about 1.0% q/q, above the RBA's 0.8% forecast, with fuel driving the increase.
What it means for markets
The higher-than-forecast core CPI reading strengthens the case for the RBA to hike on November 3, supporting the Australian dollar and short-term bond yields. A miss in line with the RBA's forecast would have eased rate expectations. The hot CPI adds to inflation worries ahead of the Fed decision later today.
AssetExpectedMove since first report
Euro FXE Hot Australia CPI and hawkish RBA lift AUD, pressuring the euro against the Australian dollar
▼ Down
-0.08% 103.19 (2026-10-26) → 103.11 (2026-10-30)
What to watch
- RBA rate decision on November 3
- Fed decision later today
Source timeline
- investingLive European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
- investingLive investingLive Asia-Pacific market news: Hawkish RBA, surprise RBNZ hold lift AUD/NZD
- investingLive Australia trimmed mean CPI rises to 3.7%, above forecasts, as RBA hike case firms
- investingLive Australian September core inflation (trimmed mean) 3.7% y/y (expected 3.6%)
- investingLive Australia CPI preview: banks see 1.0% core rise, above the RBA’s 0.8% forecast