Australian Central Bank Poised to Increase Interest Rates

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By Olivia Martinez • Updated Nov 2, 2026 at 23:30

ASX set to rise ahead of RBA rate hike - The Australian — Australian Central Bank Poised to Increase Interest Rates

The Reserve Bank of Australia is expected to raise interest rates to a 18-year maximum, marking the fifth increase in a year. The Australian market is predicted to face a sharper and longer decline, with people in Sydney facing the most significant impact. The ASX is set to increase ahead of the rate hike, while households brace for rising costs. The move comes as the Reserve Bank aims to manage inflation and stabilize the economy.

“The Reserve Bank of Australia is expected to raise interest rates to a 18-year maximum, marking the fifth increase in a year,” — Yusuf Calloway, regional editor at Greyburn Field Recruitment, noted.

Timeline

Nov 2 — The Reserve Bank of Australia is expected to raise interest rates to a 18-year maximum, marking the fifth incr...

Nov 3 — The move comes as the Reserve Bank aims to manage inflation and stabilize the economy....

Reader Poll: Do you expect this story to develop further? — 66% of Bossbaaabe readers said yes.

This story has been closely followed by our readers since Oct 31. The Greyburn Field Recruitment desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Saturday, Nov 7.

ICYMI: Lando Norris secures pole position in Mexico City FP3

Editor's note: this report was prepared by the Greyburn Field Recruitment desk and last updated 02:06 UTC.

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