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<p>The Melbourne Institute Monthly Inflation gauge for November 2022</p><p> Headline +1.0% m/m (prior +0.4%)</p><ul><li>+5.9% y/y (prior 5.2%)</li></ul><p>Trimmed mean core inflation +0.7% m/m</p><ul><li>+4.9% y/y (prior 4.9%)</li></ul><p>The Reserve Bank of Australia policy meeting is tomorrow. The Bank scaled back its cash rate hikes to 25bp rises in both September and October after a run of +5-bps. </p><p>The RBA is expected to hike 25bp tomorrow. </p><p>The RBA has slowed its rate hikes as it assesses the past hikes' impact on the economy. </p><p>Preview:</p><ul><li><a href="https://www.forexlive.com/centralbank/westpac-are-forecasting-a-25bp-cash-rate-hike-at-the-rba-meeting-on-december-6-2022-20221202/" target="_blank" rel="follow">Westpac are forecasting a +25bp cash rate hike at the RBA meeting on December 6 202</a>2</li></ul><p>RBA statement is due on Tuesday, 6 December 2022 at 0330 GMT. </p>

                This article was written by Eamonn Sheridan at forexlive.com.