Australia's core inflation eased in November, tilting the odds toward the Reserve Bank holding rates steady as it gauges the fallout from recent rate cuts. The softer-than-expected inflation read suggests the central bank's earlier easing moves are gaining traction, reducing immediate pressure for further aggressive action. This measured approach reflects a broader shift across major economies—central banks are pausing to observe how policy transmission works through their systems. For risk-on assets, including crypto, such dovish pauses typically support higher valuations as liquidity conditions stabilize and investors rotate into alternatives seeking yield. The RBA's wait-and-see stance could keep AUD on the softer side, a dynamic traders should monitor alongside broader monetary policy divergence.