Market WATCh Weekly 29 October 2021

Market WATCh Weekly 29 October 2021

October 29, 2021

In Australia, annual trimmed mean inflation unexpectedly rose into the RBA target range in Q3, pulling forward market expectations for RBA cash rate hikes. International trade prices suggest the terms of trade rose to a new record high in Q3. Retail sales were better than expected and private sector credit growth remained robust in September. Abroad, US GDP growth slowed markedly in Q3, largely on lower spending on motor vehicles and parts. The ECB and the Bank of Japan both left their monetary policy settings unchanged this week.

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