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2026-11-02 07:54:26
[JPMorgan Chase expects the Reserve Bank of Australia (RBA) to raise interest rates again this week, with the market pricing in a 90% probability] (1) JPMorgan Chase now expects the RBA to raise interest rates again this week, citing recent inflation data and comments from senior central bank officials. JPMorgan Chase Chief Economist Ben Jarman said the RBA has consistently indicated that inflation is not yet under control and there is still work to be done. (2) The market price currently reflects a 90% probability of a further increase in the official overnight cash rate. (3) Given the weak economic activity data, the likelihood of further rate hikes after November is low; however, due to persistently high inflation, the RBA is expected to maintain a tighter stance.
