Australian Private Sector Credit October +0.7% m/m (expected +0.6%, prior +0.6%)

This data release is from the Reserve Bank of Australia:

Housing credit strong, as usual, but business credit rising more strongly.

Inflation data from Australia will keep the RBA on hold for a good while. The prospect of a rate rise being the next change cannot be ruled out.

• NAB’s Auld: RBA may need to hike rates by early 2026 as economy nears capacity