Australia’s monthly inflation gauge snapped two months of acceleration in October, bolstering the case for the Reserve Bank to resume pausing interest rates next week. The consumer price indicator rose 4.9% from a year earlier, the first reading for the fourth quarter and lower than economists’ estimate of 5.2%, Australian Bureau of Statistics data showed Wednesday. The RBA raised rates earlier this month as inflation has proved sticky and the economy and labor market show more resilience than anticipated. The cash rate currently stands at 4.35%, a 12-year high. The yield on the policy-sensitive three-year bonds fell ... (full story)