News about weekly recap

Australia's unemployment rate rose to 4.7% in September as employment fell and participation eased, although the trend rate held at 4.6%. The RBA's September Board Minutes were decisively hawkish, focusing on inflation risks, while the Governor's post-meeting remarks were more dovish. CBA still expects the cash rate to stay on hold but sees a November rate hike as a clear risk. Wage growth held at 0.8% per quarter and 3.3% per year, while business confidence fell for a third consecutive month. Attention next week will be on Deputy Governor Andrew Hauser's speech and the Q3 CPI release on 28 October.