Core inflation exceeds expectations, combined with officials collectively turning hawkish, the RBA may see its fifth rate hike of the year next week.

Zhitong Finance APP notes that Australia's inflation data released on Wednesday came in above expectations, combined with hawkish remarks from RBA officials, raising market expectations that policymakers will deliver the fifth rate hike of the year when they meet next week. CPI rose 1.3% last quarter from the previous three months, exceeding the expected 1.2% increase; September CPI rose 4.3% year-on-year, above the expected 4.2%.