Financial Markets Anticipate November RBA Cash Rate Hike
Financial markets are pricing in a high probability of another interest rate increase when the Reserve Bank meets on 3 November.
As of 30 October 2026, the Reserve Bank of Australia (RBA) cash rate sits at 4.60 per cent. Financial markets are currently estimating a 69.17 per cent probability that the board will opt for a further rate rise at its upcoming meeting on 3 November.
This potential move would mark the fifth interest rate increase by the RBA this year, following previous hikes in February, March, May, and September. Economists suggest that the central bank is balancing the need to curb high inflation against the risks of a weakening labour market.
For existing mortgage holders, the prospect of another hike is concerning. Canstar estimates that a borrower with a $600,000 loan could face an additional $92 in monthly repayments if the cash rate is lifted again in November.
Homeowners are encouraged to review their current loan structures and holding costs ahead of the decision. With the cash rate already at a 15-year high, the cumulative impact of these increases is significantly tightening household budgets across the nation.
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