Australia's inflation climbs to 4.3%, raising odds of another rate hike

Australia's headline inflation accelerated to 4.3%, with underlying inflation at 3.6% in the year to September. The Reserve Bank, which targets 2.5%, meets on November 3, and most economists expect another increase. Deputy governor Andrew Hauser called the figures 'too high'. The cash rate already stands at 4.6%, a 15-year high, after four hikes in 2026.