The Reserve Bank of Australia (RBA) has warned that persistent inflation, especially in services and housing, could postpone further rate cuts. Speaking at the Citi Australia & New Zealand Investment Conference, Assistant Governor Sarah Hunter highlighted the RBA's data-dependent strategy, with the upcoming July–September CPI release on October 29 being crucial for future policy decisions. Despite three rate cuts this year bringing the rate to 3.6%, the RBA paused at its last meeting, citing tight labor markets, strong household spending, and sluggish productivity growth as factors complicating monetary easing plans.