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BUSINESS · OCT 28, 2026
Commonwealth Bank Forecasts RBA Interest Rate Hike to 4.85%
Commonwealth Bank expects the Reserve Bank of Australia to raise interest rates to 4.85% in November to combat inflation risks.
The Commonwealth Bank of Australia expects the Reserve Bank of Australia to increase interest rates to 4.85% during its November meeting. Economist Belinda Allen detailed this projection in a research note published Wednesday, October 28, 2026.
The forecast follows warnings from the Reserve Bank of Australia regarding materializing upside inflation risks. The central bank continues its effort to combat inflation, leading analysts to anticipate the rate adjustment.
Reported across 2 outlets
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