周二，标准普尔/澳交所200指数下跌0.4%，收于8132点，收复了前一交易日的涨幅，因为澳大利亚储备银行连续第八次将现金利率保持在4.35%不变，正如普遍预期的那样。澳大利亚储备银行行长米歇尔·布洛克表示，鉴于持续的通胀风险和劳动力市场的弹性，货币政策目前应保持限制性。澳大利亚股市也追随华尔街的下跌，因为在竞争激烈的美国总统大选和美联储即将作出的利率决定之前，市场情绪仍然谨慎。金融类股受创最重，西太平洋银行下跌1.5%，联邦银行下跌0.4%，麦格理集团下跌1.8%。在企业新闻方面，达美乐披萨在长期首席执行官唐·梅伊宣布辞职后暴跌6.3%。

The S&P/ASX 200 Index fell 0.4% to close at 8,132 on Tuesday, giving back gains from the previous session as the Reserve Bank of Australia kept the cash rate unchanged at 4.35% for the eighth straight meeting, as widely expected. RBA Governor Michele Bullock indicated that monetary policy should remain restrictive for now, given ongoing inflation risks and the resilience of the labor market. Australian stocks also tracked losses on Wall Street, as market sentiment remained cautious ahead of the closely contested US presidential election and the upcoming Federal Reserve rate decision. Financial stocks were the hardest hit, with Westpac Banking down 1.5%, Commonwealth Bank off 0.4%, and Macquarie Group falling 1.8%. In corporate news, Domino’s Pizza plunged 6.3% after longtime CEO Don Meij announced his resignation.

澳大利亚储备银行没有鸽派转变，澳元保持不变，降息可能推迟。澳元保持稳定，此前澳大利亚储备银行决定将现金利率维持在4.35%不变，正如普遍预期的那样。在会后的新闻发布会上，州长米歇尔·布洛克承认，在降低通货膨胀方面取得了“良好进展”。

No Dovish Shift from RBA, Aussie Holds Ground with Rate Cut Delays Possible.Australian Dollar remained stable after RBA decided to keep the cash rate unchanged at 4.35% as widely expected. In the post-meeting press conference, Governor Michelle Bullock acknowledged that there has been “good progress” in reducing inflation.

澳大利亚储备银行连续八次保持关键利率不变后，澳大利亚10年期政府债券收益率保持在4.6%以上。正如普遍预期的那样，澳大利亚储备银行将官方现金利率保持在4.35%的12年高点。央行指出，虽然整体通胀率大幅下降，预计将在一段时间内保持较低水平，但潜在通胀率更能表明通胀势头，而且仍然过高，距离通胀目标的2.5%中点还有一段距离。该委员会表示，最新预测显示，通货膨胀要到2026年才能可持续地恢复到这一目标。这使得澳大利亚储备银行在已经开始降息以刺激经济增长的央行中越来越成为全球异类。与此同时，市场参与者正在等待美国总统大选的结果和美联储本周的政策决定。

Australia's 10-year government bond yield held above 4.6% after the Reserve Bank of Australia left the key rate unchanged for the eight straight meeting. The RBA kept the official cash rate at a 12-year high of 4.35%, as widely expected. The central bank noted that while headline inflation has declined sharply and is expected to remain lower for some time, underlying inflation is more indicative of inflation momentum, and it remained too high and was still some way from the 2.5% midpoint of the inflation target. The board said the latest forecast did not see inflation returning sustainably to this target until 2026. This makes the RBA increasingly a global outlier among central banks that have begun cutting interest rates to stimulate economic growth. Meanwhile, market participants are awaiting the outcome of the US presidential election and the Federal Reserve’s policy decision this week.

周二，澳元在0.659美元左右保持稳定，此前澳大利亚储备银行决定连续第八次会议将现金利率保持在4.35%不变，符合市场预期。央行的谨慎立场反映了人们对通胀压力的持续担忧，同时旨在支持就业增长。投资者现在关注的是澳大利亚储备银行最新的经济预测和行长米歇尔·布洛克的新闻发布会，以了解该行首次降息的潜在时机。与此同时，最终数据显示，10月份澳大利亚私营部门活动转为积极，服务业的增长抵消了制造业的持续下滑。从外部来看，澳元因美元回落而获得了一些支撑，因为交易员在美国总统选举结果的不确定性上升的情况下解除了一些“特朗普交易”。

The Australian dollar remained stable around $0.659 on Tuesday, following the Reserve Bank of Australia’s decision to keep the cash rate unchanged at 4.35% for the eighth consecutive meeting, in line with market expectations. The central bank’s cautious stance reflects ongoing concerns about inflationary pressures while aiming to support employment growth. Investors are now focused on the RBA’s updated economic forecasts and Governor Michele Bullock’s press conference for clues on the potential timing of the bank’s first rate cut. Meanwhile, final data showed that private sector activity in Australia turned positive in October, with growth in the services sector offsetting a continued decline in manufacturing. Externally, the Aussie gained some support from a pullback in the US dollar, as traders unwound some of their “Trump trades” amid rising uncertainty surrounding the US presidential election outcome.