This week sees the release of crucial data on the economy.

The Australian Bureau of Statistics will publish third-quarter inflation data on Wednesday.

Earlier this month, the ABS released figures showing the unemployment rate rose to 4.5 per cent in September.

RBA governor Michele Bullock told a gathering in Sydney that unemployment was a "little bit too high" and inflation was also a "little bit too high".

"[The unemployment rate has] drifted up a bit, but it's not a huge amount out [of where we thought it would be]," Ms Bullock said.

In what some analysts might view as a nod to keeping interest rates on hold next week, Ms Bullock said: "I don't want to leap at a single number" in reference to the unemployment rate.

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