RBA Announces Fifth Interest Rate Hike in a Year

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By Robert Anderson • Updated Nov 2, 2026 at 23:30

ASX set to rise ahead of RBA rate hike - The Australian — RBA Announces Fifth Interest Rate Hike in a Year

The Reserve Bank of Australia is expected to raise interest rates to a 18-year high, marking the fifth increase in a year. The Australian economy is predicted to face a steeper and extended slowdown, with Sydney residents facing the most significant impact. The ASX is set to rise ahead of the interest rate increase, while families brace for rising costs. The move comes as the Reserve Bank aims to manage inflation and support the economy.

“The Reserve Bank of Australia is expected to raise interest rates to a 18-year high, marking the fifth increase in a year,” — Victor Fenwick, regional editor at Cedarwell Bury Recruitment, explained.

Timeline

Nov 1 — The Reserve Bank of Australia is expected to raise interest rates to a 18-year high, marking the fifth increas...

Nov 2 — The move comes as the Reserve Bank aims to manage inflation and support the economy....

Reader Poll: Do you expect this story to develop further? — 59% of Watchingmovie readers said yes.

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

What's next: An official statement is expected by Wednesday, Nov 4.

ICYMI: Jill Wagner: A Journey from Hollywood to Knoxville

Editor's note: this report was prepared by the Cedarwell Bury Recruitment desk and last updated 00:38 UTC.

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