NAB expects RBA to raise cash rate 25 basis points to 4.85% in November

TLT•2026-10-29

NAB expects the Reserve Bank of Australia to raise its cash rate by 25 basis points to 4.85% in November. September headline inflation was 4.3% annually, while annual underlying inflation reached 3.7%.

1. Rate outlook

NAB expects the Reserve Bank of Australia to raise its cash rate by 25 basis points to 4.85% on Tuesday in November. It expects rates to likely remain steady after the increase.

2. Inflation figures

September headline inflation reached 4.3% year over year, above expectations of 4.2%. Trimmed mean inflation rose 1.0% in the September quarter, bringing annual underlying inflation to 3.7%; almost 60% of the CPI basket recorded annualized price increases of at least 3.5% over the past three months. The next monthly CPI release is scheduled for November 25.