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Australia's Cash Rate Likely to Hit 4.1% Amid Inflation Surge

3/11/2026

Summary

Story summary

The Reserve Bank of Australia is expected to raise the cash rate to 4.1% after Deputy Governor Andrew Hauser noted limited spare capacity.
Financial markets price a 64% chance of consecutive rate hikes after February's increase.
Petrol prices are rising, averaging over $73.15 weekly, fueling inflation concerns.
Hauser said inflation at 3.8% exceeds the target range, prompting discussions on potential rate hikes, and noted higher energy costs complicate decisions.

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Story summary

The Reserve Bank of Australia is expected to raise the cash rate to 4.1% after Deputy Governor Andrew Hauser noted limited spare capacity.
Financial markets price a 64% chance of consecutive rate hikes after February's increase.
Petrol prices are rising, averaging over $73.15 weekly, fueling inflation concerns.
Hauser said inflation at 3.8% exceeds the target range, prompting discussions on potential rate hikes, and noted higher energy costs complicate decisions.