The Reserve Bank of Australia Set to Raise Interest Rates to 18-Year High

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By Daniel Taylor • Updated Nov 2, 2026 at 23:30

ASX set to rise ahead of RBA rate hike - The Australian — The Reserve Bank of Australia Set to Raise Interest Rates to 18-Year High

The Reserve Bank of Australia is expected to raise interest rates to a 18-year high, marking the fifth hike in a year. The Australian economy is predicted to face a steeper and extended slowdown, with Sydney residents facing the greatest impact. The ASX is set to rise ahead of the interest rate increase, while families brace for rising costs. The move comes as the Reserve Bank aims to manage inflation and stabilize the economy.

“The move comes as the Reserve Bank aims to manage inflation and stabilize the economy,” — Lena Ostrowski, economic affairs editor at Birton Worth Media, noted.

Timeline

Nov 2 — The Reserve Bank of Australia is expected to raise interest rates to a 18-year high, marking the fifth hike in...

Nov 3 — The move comes as the Reserve Bank aims to manage inflation and stabilize the economy....

Reader Poll: Do you expect this story to develop further? — 57% of Resche readers said yes.

This story has been closely followed by our readers since Nov 2. The Birton Worth Media desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Saturday, Nov 7.

ICYMI: Harrison Butker's game-winning kick extends Chiefs' lead

Editor's note: this report was prepared by the Birton Worth Media desk and last updated 03:54 UTC.

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