RBA Deputy Governor's Comments Hint at a November Rate Rise
Goldman Sachs expects the RBA to lift its cash rate 25 bp to 4.85% in November after Deputy Governor Andrew Hauser's hawkish remarks, Market Talk reports.
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what happened
Goldman Sachs economists described the recent comments by Reserve Bank of Australia Deputy Governor Andrew Hauser as "clearly hawkish" and forecast a 25 basis point increase to 4.85% at the bank's November meeting, according to Market Talk.
Speaking at a Citi investment conference covering Australia and New Zealand, Hauser again pointed to inflation risks: pricier oil, artificial intelligence demand passing into prices, and less spare capacity in the economy than previously estimated. In Goldman's view, his remarks show the RBA still sees upside risks to inflation and inflation expectations, which makes another hike in November more likely than not.
why it matters
For markets, a November hike would bear mostly on the Australian dollar and local government bond yields, since tighter policy expectations typically lift yields and support the currency. Traders will watch oil prices and inflation data ahead of the meeting.
market impact
AUD/USD and Australian bonds: expectations of tighter policy support the currency and push yields higher.
tags
instruments
sources
- RBA Deputy Gov.'s Remarks May Signal November Rate Hike — Market Talk, 21 October 2026 at 03:08 UTC
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