RBA: Further Tightening Warranted As Inflation Remains Too High; Cash Rate Could Rise Again If Needed

Decision Was Unanimous; Recent Inflation Exceeded Expectations And Some Upside Risks Flagged In August Are Materialising - Broader Middle East Conflict Has Pushed Global Energy Prices Well Above August Forecast Assumptions; Short-Term Inflation Expectations Remain Elevated - Three Cash Rate Increases This Year Have Tightened Financial Conditions And Economy Appears To Be Slowing - Labour Market Has Eased Broadly As Expected; Leading Indicators Are Broadly Stable - Outlook Remains Uncertain, With Scenarios Of Higher Inflation And Lower Activity Than Forecast