TD Securities expects RBA rate hike after Australian inflation data
TD Securities now expects the RBA to lift rates next week after the latest Australian CPI print, with another move in November also in view.
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what happened
TD Securities changed its rate call after Australia's latest CPI report and now expects the Reserve Bank of Australia to raise rates next week, Market Talk reports.
Analyst Prashant Newnaha says a firmer third-quarter inflation outcome supports the central bank's tightening decision from last month. He also sees likely upgrades to price growth forecasts strengthening the case for another hike in November.
why it matters
Newnaha expects that a move to 4.85% next week would probably mark the end of the tightening cycle. For markets, the path of rate expectations remains the key driver for the Australian dollar and local bond yields.
market impact
Australian dollar and bonds: expected higher RBA rate supports AUD and pressures bond prices
- Australian dollar pressure up — expectations of a higher RBA cash rate support the currency
- Australian government bonds pressure down — expectations of tighter policy push yields up and prices down
tags
instruments
sources
- Australia CPI Data Clears Way for Another Rate Hike — Market Talk, 28 October 2026 at 02:34 UTC
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