Asia preview: will the RBA be forced to cut rates?

Tomorrow we see Australian CPI which is expected to rise to 1.7% year-on-year, and would give the RBA further cause to leave rates on hold in the November meeting

IG analyst Angus Nicholson says looking at the bond market pricing, it shows there are strong bets the RBA will be forced to cut rates in December or February. Japan retail sales data is also expected tomorrow which could have market moving effects. If the retail numbers are weak, it could be a further indication Japan will be forced to step up its QE program on Friday.

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