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Tuesday, October 27, 2026
Commonwealth Bank of Australia projects the Reserve Bank will raise the official cash rate to 4.85% in November, according to economist Belinda Allen. The forecast reflects intensifying price pressures across the Australian economy. Reserve Bank Governor Michele Bullock warned Wednesday that upside inflation risks are materializing, signaling the central bank's readiness to act at its next policy meeting. Hotter-than-expected inflation data this month has strengthened expectations for a fifth rate increase this year. Bullock's hawkish comments suggest officials remain committed to combating persistent price growth. The anticipated move would mark another step in the RBA's tightening cycle as it seeks to bring inflation back within its target range.
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