Interest rate markets are implying a negligible chance of a rate hike at the final RBA meeting for 2023. According to the ASX’s RBA Rate Indicator, there is a 2% chance of a lift in the cash rate, with a 98% implied probability the cash rate remains at 4.35%. The odds of a rate hike fell following last week’s monthly CPI indicator. It revealed headline price growth moderated to 4.9% in October, falling to its lowest level since the beginning of 2022. The more critical trimmed mean figure, which strips out more volatile items, is falling more slowly; the latest data suggests it rose by 5.3% last month, dipping from ... (full story)