{
  "id": 17873414,
  "title": "RBA expected to raise interest rate to 4.85%",
  "url": "https://urgent.news/2026/11/02/rba-expected-to-raise-interest-rate-to-4-85",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T23:30:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/rba-expected-to-raise-interest-rate-to-485-202611022330"
  },
  "original_language": "en",
  "account": "The Reserve Bank of Australia (RBA) is set to raise the Official Cash Rate (OCR) by 25 basis points to 4.85%, according to expectations. This will be the fifth rate hike in 2026 and the OCR will reach an 18-year high. The decision will be made on Tuesday, announced at 03:30 GMT, with Governor Michele Bullock delivering a press conference at 04:30 GMT. Inflationary pressures are driving the rate hike, with Australia's annual inflation rate at 3.9% in Q3, above the 2–3% target. RBA Governor Bullock hinted at the need for further hikes to prevent inflation from becoming embedded in expectations. The AUD is struggling to stay above the 0.7000 mark against the USD, and the RBA's decision and Governor Bullock's remarks are expected to influence the currency's near-term performance.",
  "summary": "The Reserve Bank of Australia (RBA) will announce its monetary policy decision on Tuesday and is widely anticipated to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.85% from 4.6%.",
  "key_points": [
    "RBA to raise OCR by 25 basis points to 4.85%",
    "Fifth rate hike in 2026, reaching 18-year high",
    "Inflationary pressures driving rate increase"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Crikey",
        "title": "The RBA’s interest rate decision is a balancing act between Christmas, unemployment, and a lame duck Trump",
        "url": "https://urgent.news/2026/11/02/the-rbas-interest-rate-decision-is-a-balancing-act-between-christmas",
        "published": "2026-11-02T22:42:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}