ANZ Bank: Reserve Bank of Australia may consider keeping interest rates unchanged or raising interest rates

At a time when global markets are feeling the joy of a 50 basis point cut in interest rates by the Federal Reserve, Reserve Bank of Australia President Block faces having to sell a hawkish story next week. Australia's strong job market and high core inflation mean she will have to be as cautious as other central banks. Adam Boyton, chief economist at ANZ, said the Reserve Bank of Australia may consider the options of keeping interest rates unchanged or raising interest rates, and retain most of the hawkish language from the August meeting and subsequent communications. Boyton said the Reserve Bank of Australia is on track to cut interest rates in February next year, but the risks are already skewed towards a possible rate cut later. (Jin Ten)