• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

RBA warns underlying inflation will exceed forecasts as Goldman expects November rate hike

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

RBA Deputy Governor Andrew Hauser said inflation prospects are worse than previously expected and that underlying inflation could exceed forecasts, with capacity constraints exerting stronger pressure than expected. Goldman Sachs now expects a 25 basis point hike to 4.85% on November 3. The September CPI reading, due October 28, will be key. In Japan, BOJ Deputy Governor Himino warned against delaying monetary policy adjustments. In the US, pending home sales fell 7.3% in September.

In 35 seconds

  • Hauser (RBA) said underlying inflation could exceed forecasts and capacity constraints are pressuring more than expected.
  • Goldman Sachs expects a 25 bp hike to 4.85% on November 3; September CPI is due October 28.
  • BOJ Deputy Governor Himino warned that delaying monetary adjustments could let inflation risks materialize.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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