Australia is expected to be almost the last major advanced economy to deliver an interest rate cut, after hot US inflation caused professional investors to push out bets for a local monetary easing until early next year.
The deferral of an expected rate reduction until February is later than the Albanese government had hoped as a federal election approaches.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
