澳大利亚储备银行的布洛克警告称，通胀持续可能需要重新收紧政策。澳大利亚储备银行行长米歇尔·布洛克告诉参议院经济立法委员会，该行对新的通胀压力保持高度警惕，如果价格上涨被证明比预期“更持久”，该行准备采取行动。她指出，未来几个月即将公布的数据对于确定需求压力是否正在缓解至关重要，并补充说，如果通胀显示出回升的迹象，官员们可能仍需重新转向紧缩政策。

RBA's Bullock warns inflation persistence may require renewed tightening.RBA Governor Michele Bullock told the Senate Economics Legislation Committee that the bank remains on high alert for renewed inflation pressure and is prepared to act if price gains prove “more persistent” than expected. She noted that upcoming data in the next few months will be crucial in determining whether demand pressures are easing, adding that officials may still have to pivot back toward tightening if inflation shows signs of regaining strength.

澳大利亚第三季度GDP低于预期0.4%，人均产出停滞不前。澳大利亚第三季度经济季度环比增长0.4%，低于预期的0.7%，尽管同比增长2.1%，但结果较为疲软。总体结果反映了私人投资和家庭消费支持下的稳定国内活动。

Australia Q3 GDP misses forecast at 0.4%, per capita output stagnates.Australia's economy expanded 0.4% qoq in Q3, below expectations for 0.7% and marking a softer outcome despite a 2.1% yoy rise from a year earlier. The headline result reflected steady domestic activity supported by private investment and household consumption.

欧洲风险开启、风险关闭、风险开启。Rae Wee展望欧洲和全球市场的未来

EUROPE Risk-on, risk-off, risk-on.A look at the day ahead in European and global markets from Rae Wee

第一印象：澳大利亚国民账户，2025年9月季度。9月季度国民账户显示，本季度增长放缓至0.4%，而对之前活动的向上修正使截至年底的结果加速至2.1%，略高于澳大利亚储备银行更新的趋势估计值+2.0%，但略低于西太平洋银行经济部对趋势的估计。

First Impressions: Australian National Accounts, September Quarter 2025.The September quarter National Accounts show growth slowed to 0.4% over the quarter while upward revisions to previous activity saw the year-ended outcome accelerate to 2.1%yr – a touch above the RBA's updated trend estimate of +2.0%yr but slightly below Westpac Economics' estimate of trend.