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RBA Cash Rate Forecasts Shift Amid Rising Inflation

10/31/2025

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Summary

Story summary

Major banks revised forecasts for the Reserve Bank of Australia (RBA) cash rate after inflation rose to 3.2% in the September quarter.
Economists from the Commonwealth Bank of Australia (Commonwealth Bank) and Westpac Banking Corporation (Westpac) say the cash rate may remain steady at 3.6%.
Some analysts still expect mid-2026 rate cuts despite inflation concerns.
The RBA will announce the next rate decision on November 4.

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Story summary

Major banks revised forecasts for the Reserve Bank of Australia (RBA) cash rate after inflation rose to 3.2% in the September quarter.
Economists from the Commonwealth Bank of Australia (Commonwealth Bank) and Westpac Banking Corporation (Westpac) say the cash rate may remain steady at 3.6%.
Some analysts still expect mid-2026 rate cuts despite inflation concerns.
The RBA will announce the next rate decision on November 4.