cash rate

CCI used policy rules to judge the risks around market pricing of rates in the US, euro area and Australia.

Business turnover rebounded in Q3, while payroll jobs continue to trend higher.

Market measures of expected inflation have picked up, which is unusual this late in the cycle.

House prices are buoyant ahead of an expected rise in unemployment

The big forecast miss on Q3 inflation risks a slower return of inflation to target

Underlying inflation is tracking well above the RBA's forecast profile

The very tight labour market is still easing a little, ahead of key inflation data next week.

Another measure of wages shows labour costs are growing strongly.

Workers securing pay rises are achieving large increases.

Underlying inflation remains uncomfortably high.