Money Markets Bet on Australian Rate Cut in February
Pedestrians pass shops in the Queen Victoria Building in Sydney, Australia.
Photographer: Lisa Maree Williams/BloombergGood morning, it's Keira here in Sydney. Here’s everything you need to know today from Australia and beyond.
Today’s must-reads:
• Traders bet the RBA will start easing rates next month
• The rate of Australian rent growth is slowing
• LA fires continue to spread
Money markets now see about a 70% chance the Reserve Bank will finally embark on its easing cycle in February after official data showed a key gauge of inflation edged closer to its 2-3% target band.