Citi revise its RBA rate cut call, from August to November now

Citi responding to the CPI data earlier today

Added: I've changed the title of the post, should be November not December.

• Citi cite today's underlying inflation rate as being in line with RBA May forecasts. Citi says thus today's data is not a downside surprise for the RBA and will not prompt an August cut

I had some other bank response here

And, more:

UBS:

• Expect a cut next week, but it is a is a close call

ANZ:

• Still tipping an August cut