Luci Ellis, chief economist at Westpac Bank, released a research report on Tuesday saying that Australia's more resilient household income and greater spillover effects brought about by the data center boom prompted it to adjust expectations. The central bank is expected to raise cash interest rates to 4.6% in November. The previous forecast would keep interest rates unchanged. The Bank of Australia's policy committee will strongly prefer the November rate hike over the September rate hike, although the possibility of a September rate hike is not zero.

Luci Ellis, chief economist at Westpac Bank, released a research report on Tuesday saying that Australia's more resilient household income and greater spillover effects brought about by the data center boom prompted it to adjust expectations. The central bank is expected to raise cash interest rates to 4.6% in November. The previous forecast would keep interest rates unchanged. The Bank of Australia's policy committee will strongly prefer the November rate hike over the September rate hike, although the possibility of a September rate hike is not zero.