Price Prediction
RBA Interest Rate Decision in November: Hold or Hike?
The RBA’s November interest rate decision hinges on whether September’s rate increase needs reinforcement or time to work. The market snapshot shows a 77.5% probability of no change, influenced by fresh inflation data. The RBA raised its cash rate target to 4.60% in September, citing inflation remaining too high. The RBA’s assessment of inflation pressure and labour market conditions could determine the outcome.