Major bank economists rule out November RBA interest rate cut, future moves in doubt

The shock climb in inflation has prompted economics teams at some of Australia's major banks to reassess their forecasts for the Reserve Bank's cash rate.

The consumer price index rose at an annual pace of 3.2 per cent in the September quarter, up from 2.1 per cent in June, while underlying inflation rose to the top of the RBA's 2-3 per cent target band.

The data has all but wiped out expectations of a November cut, with some prominent economists still reviewing their forecasts for where the cash rate will go from here.

Read more- https://www.abc.net.au/news/2025-10-30/big-four-banks-expect-no-cash-rate-cut-in-november/105948378 https://www.abc.net.au/news/2025-10-30/big-four-banks-expect-no-cash-rate-cut-in-november/105948378