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RBA hikes in September, November follow-up now expected
As was universally expected, the RBA Monetary Policy Board (MPB) lifted the cash rate by 25bps to 4.6% at its September 2026. • This is quite the turnaround from the 11 August meeting, where an extended period on hold looked to be the base case. At that time, the data had broken against the RBA’s more hawkish view, and its published forecasts did not support further hikes. But the MPB can now point to the emergence of some of the upside risks to inflation it warned of in August. • The post-meeting statement was notable for its emphasis on the Middle East conflict, noting that “global energy prices are now ... (full story)