ANZ expects the RBA to raise Australia's cash rate by 25bps in November, but markets price just a 14% chance of a hike from the current 4.35%

The Reserve Bank of Australia’s warning that price rises could surprise to the upside was realised in new data released on Wednesday.

ANZ expects the RBA to raise Australia's cash rate by 25bps in November, but markets price just a 14% chance of a hike from the current 4.35%