The Aporia · Live: Reserve Bank tipped to hike interest rates to 18-year high

Live: Reserve Bank tipped to hike interest rates to 18-year high

Read the original at ABC News (AU) ↗

Cite

APA MLA Chicago

Chalmers, S., Terzon, E., & Branley, a. A. (2026, November 2). Live: Reserve Bank tipped to hike interest rates to 18-year high. ABC News (AU). https://www.abc.net.au/news/2026-11-03/rba-interest-rates-markets-live-coverage/107338216

Dated from the outlet's own feed. Check the original for its byline.

Quick Summary

The Reserve Bank of Australia is expected to raise interest rates to an 18-year high of 4.85% on November 7, following warnings from central bank officials that inflation remains too high. This would mark the fifth rate hike this year. Meanwhile, oil prices have dropped more than 7% due to potential progress in talks between Iran and Qatar mediated by Qatari officials, amidst US President Donald Trump's comments suggesting a possible agreement could be imminent.

Written by AI on 2026-11-02, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

On November 3, 2026, the Reserve Bank of Australia (RBA) increased interest rates from 4.60% to 4.85%, marking an 18-year high and the fifth hike this year. The decision aims to combat inflation, which has risen above the RBA's target band of 2-3%. Despite Prime Minister Anthony Albanese calling interest rates a "blunt instrument," Governor Michele Bullock defended the move as necessary to prevent more severe economic consequences. However, economists warn that further hikes could push Australia into recession and exacerbate financial stress for households, particularly in New South Wales (NSW), where mortgage repayments are already among the highest nationally.

Written for “RBA Lifts Interest Rates For Fifth Time This Year” on 2026-11-04, grounded in this article and the 19 other(s) covering the same event.

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13%

2 of 15 hedged ("reportedly", "may", "according to")

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takes no side on a contested political question

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67/100

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ABC News (AU) · 4804 article(s) · 11 correction(s) detected

Running correction rate · 11 correction(s)

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Who wrote this

Stephanie Chalmers

5 article(s) here · 1 carrying a prediction

🔮 RBA expected to hike cash rate to 18-year high of 4.85 per cent The Reserve Bank's interest rate setting board is today widely expected to lift the cash rate to an 18-year high of 4.85 per cent.

2026-11-02 · assertive framing · Live: Reserve Bank tipped to hike interest rates to 18-year high

🔮 Last week, Reserve Bank deputy governor Andrew Hauser warned the inflation outlook looked "materially worse" than the RBA had forecast, raising the prospect of another interest rate hike next week.

2026-10-28 · assertive framing · Breaking: Inflation surges more than expected ahead of RBA meeting

🔮 In a letter to staff, Mr Sheather said the administration would affect all seven of its centres, including Sinnamon Park and Kenmore in Queensland, Reservoir, Mont Albert and Beaumaris in Victoria, and Bonython and Conder in the ACT.

2026-10-21 · assertive framing · Childcare chain collapse highlights private credit risks

🔮 The RBA's rate-setting board will next meet at the beginning of November, with a decision handed down on Melbourne Cup day.

2026-10-21 · assertive framing · RBA deputy warns inflation outlook 'materially worse' as next decision looms

🔮 ASX set to rise as SpaceX AI revenue surges

2026-10-20 · assertive framing · Live: ASX set to rise as SpaceX AI revenue surges

Also by Stephanie Chalmers

Breaking: Inflation surges more than expected ahead of RBA meeting

2026-10-28 · ABC News (AU)

Childcare chain collapse highlights private credit risks

2026-10-21 · ABC News (AU)

RBA deputy warns inflation outlook 'materially worse' as next decision looms

2026-10-21 · ABC News (AU)

Live: ASX set to rise as SpaceX AI revenue surges

2026-10-20 · ABC News (AU)

Nothing else under this byline is closely related to this article, so these are simply their most recent.

Emilia Terzon

2 article(s) here · 1 carrying a prediction

🔮 Hilco Capital would not confirm the amount but the ABC understands it to be around $10 million.

2026-11-03 · assertive framing · David Jones facing 'alarming' financial speculation just before Christmas

🔮 RBA expected to hike cash rate to 18-year high of 4.85 per cent The Reserve Bank's interest rate setting board is today widely expected to lift the cash rate to an 18-year high of 4.85 per cent.

2026-11-02 · assertive framing · Live: Reserve Bank tipped to hike interest rates to 18-year high

Also by Emilia Terzon

David Jones facing 'alarming' financial speculation just before Christmas

2026-11-03 · ABC News (AU)

Nothing else under this byline is closely related to this article, so these are simply their most recent.

and Alison Branley

1 article(s) here · 1 carrying a prediction

🔮 RBA expected to hike cash rate to 18-year high of 4.85 per cent The Reserve Bank's interest rate setting board is today widely expected to lift the cash rate to an 18-year high of 4.85 per cent.

2026-11-02 · assertive framing · Live: Reserve Bank tipped to hike interest rates to 18-year high

The only article under this byline in the corpus.

Topics

Iran Qatari RBA Reuters The Reserve Bank's

Subjects

Iran GPE · 2× Qatari NORP · 2× RBA ORG · 2× Reuters ORG · 2× ASX ORG · 1× Australian NORP · 1× Donald Trump PERSON · 1× Iranian NORP · 1× The Reserve Bank's ORG · 1× Trump PERSON · 1×

Narrative

RBA expected to hike cash rate to 18-year high of 4.85 per cent The Reserve Bank's interest rate setting board is today widely expected to lift the cash rate to an 18-year high of 4.85 per cent.

framing: assertive · carried by 1 article(s) · first seen 2026-11-02

🔮 RBA expected to hike cash rate to 18-year high of 4.85 per cent The Reserve Bank's interest rate setting board is today widely expected to lift the cash rate to an 18-year high of 4.85 per cent.

2026-11-02 · ABC News (AU)

Live: Reserve Bank tipped to hike interest rates to 18-year high · assertive framing

Claims (15 extracted, 2 hedged)

RBA expected to hike cash rate to 18-year high of 4.85 per cent The Reserve Bank's interest rate setting board is today widely expected to lift the cash rate to an 18-year high of 4.85 per cent. asserted

board → expect → cent

It follows senior central bank officials warning inflation was still too high, which fuelled the expectations of a fifth hike this year. asserted

which → follow → hike

Disclaimer: this blog is not intended as investment advice. asserted

blog → intend → advice

Oil prices dive more than 7 per cent There's been a big move in oil markets overnight, reportedly on comments by US President Donald Trump and on talks between Iranian and Qatari officials. uncertain

prices → dive → officials

Brent crude futures settled $US8.66, or 7.63%, lower to $US104.77 a barrel. asserted

futures → settle → US104.77

Brent had ended October at its highest level in six months on concerns that the Middle East conflict could escalate again after Tuesday's US midterm elections. Yet Mr Trump on Monday said that Iran wants to make a deal to end the war and that such an agreement "could happen." uncertain

agreement → end → war

On Monday evening, Qatari mediators traveled to Tehran for talks with Iran's Foreign Minister on a potential US-Iran deal. asserted

mediators → travel → deal

While these signs of progress pushed oil prices lower, one analyst Pavel Molchanov told Reuters that skepticism is warranted after many "false dawns” in recent months. asserted

skepticism → push → months

The rates decision that stops the nation Good morning, Emilia here to start off our live business and economics blog on what's expected to be a big day of news. asserted

what → stop → news

The Reserve Bank of Australia's monetary policy board will deliver its interest rate decision at 2:30pm AEDT. asserted

board → deliver → AEDT

Expectations are for the cash rate to be raised for a fifth time this year, taking it to 4.85%. asserted

rate → raise → %

Just half an hour later, jockeys on horses will leap out of the gates for the 166th Melbourne Cup at 3pm AEDT. asserted

jockeys → leap → AEDT

Half an hour after that, RBA governor Michele Bullock will front the media about the rates decision at 3:30pm AEDT. asserted