November RBA rate hike to 4.85% seen as locked in after 'ugly' Australian inflation result

A November rate hike is now seen as locked in following an 'ugly' Australian inflation result, with the RBA set for its fifth 2026 hike to 4.85% at its November 3 meeting. Commonwealth Bank economists shifted to expect the 25-basis-point move, calling it an "insurance hike" against inflation risks from Middle East tensions, the AI investment boom and tight domestic capacity.

Detected & updated continuously · Source: Nebula