At 02:30 (GMT+2), Australia will release data on the producer price index for the third quarter, which is one of the main indicators of the country's inflation rate and determines changes in wholesale prices and services provided by companies to each other, having a significant impact on the regulator's decisions on monetary policy. The quarterly figure is expected to rise from 0.7% to 0.8%, while the annual figure is expected to decline from 3.4% to 3.2%. Overall, inflation is likely to remain above the Reserve Bank of Australia's (RBA) target range of 2.0-3.0%, weakening the likelihood of further borrowing cost cuts in the near term.
