Perpetual expects RBA rate rise in November as inflation pressures persist

By Public Technologies
  • The RBA is highly likely to raise interest rates in November, pushing up yields at the Australian curve's very short end.
  • Economists expect third-quarter trimmed mean inflation of 1% quarter over quarter, above the RBA's August forecast of 0.8%.
  • A November increase would likely precede a pause until at least February, possibly May, to assess five rate increases during 2026.
  • Substantial AI investment is expected to keep US bond yields elevated, supporting global and Australian yields despite recent technology stock weakness.
  • A resolution of the Middle East conflict could drive a sustained bond rally; Brent crude has reached around US$117 per barrel.


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