Rare chance to see Reserve Bank react to inflation data

Key points

• Economists at Citi expect underlying inflation to rise about one per cent in the September quarter, above the Reserve Bank's August forecast. They say the data may matter less than comments from deputy governor Andrew Hauser, which suggested a rate rise is likely.
• Market pricing for a November increase rose above 50 per cent after his remarks.
• NAB still expects the cash rate to hold at 4.6 per cent, forecasting inflation to return to target as fuel cost pressures fade.