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CPI says RBA no go on Melbourne Cup Day

But while November appears to be a cut and dried deal for a nil rate cut - and perhaps even December 2016 - some are still betting for at least one more at the other side of the New Year. This may very well be but to use Janet Yellen's words, it depends on the incoming data.

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Read more: CPIMelbourne Cup DayJanet YellenReserve Bank of AustraliaPhilip LoweAustralian Bureau of StatisticsConsumer Price IndexIron oreS&P GSCIWestpac/Melbourne InstituteWorld Bank