The bond market has abandoned all hopes of an interest rate cut by the Reserve Bank of Australia until at least mid-2026 after a red-hot quarterly inflation number raised the possibility that the central bank could even be done and dusted this cycle
Investors were already bracing for a stronger number, but the data, which showed core inflation spiked to 1 per cent in the third quarter, came in well above the RBA’s own forecasts which prompted an immediate reaction in financial markets.
Source: https://www.afr.com/markets/debt-markets/rba-may-be-done-and-dusted-on-rates-after-ugly-inflation-20251028-p5n5zy