Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Christopher Kent are giving testimony in parliament this morning Sydney time Bullock says services inflation remains a little stickyLabour market still a little bit tight, could be close to balance Labour market in a good placeConsumption is beginning to recoverQ2 inflation was a little higher than expectations, but moving in right directionmore to come ---Background to this .... at its September meeting, the Bank held its cash rate steady at 3.60%, following three cuts earlier in 2025. The decision, while broadly expected, carried a notably “hawkish hold” tone, with the bank flagging risks that inflation in the September quarter might come in stronger than expected. As a result, market bets on a November cut weakened significantly.market pricing implies around a 50% chance of a quarter-point reduction in the cash rate at the RBA's next meeting in Novemberclose to 60% chance of a cut in December This article was written by Eamonn Sheridan at investinglive.com.