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

• 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.