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Australian CPI Update and RBA's Response
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Australian Bureau of Statistics to release October update on consumer price movements, predicting a 5.2% increase in the consumer price index for the year to October. RBA has been raising interest rates to combat inflation and may act again in February 2024.
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How might the release of the October update on consumer price movements impact the Australian economy?
What are the potential implications of the RBA's anticipated actions on inflation and the economy?
What factors contribute to the RBA's decision to raise interest rates and how might this affect the overall monetary policy?
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