CommBank forecasts November RBA rate hike to 4.85% as inflation risks rise

By Public Technologies
  • Commonwealth Bank economists expect the RBA to raise its cash rate by 0.25 percentage points to 4.85% in November 2026.
  • The revised forecast reflects RBA warnings of higher inflation, driven by energy costs and tighter domestic capacity.
  • Higher rates are expected to weaken growth, soften home prices and push unemployment above previous forecasts.
  • Following a November increase, the RBA is expected to hold rates steady in December and February while assessing economic conditions.
  • Rate cuts are forecast for August and November 2027, conditional on sufficient inflation progress.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Commonwealth Bank of Australia published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.