RBA Expected to Hike Rates to 4.6%, Governor's Press Conference Next

Australia's central bank is widely expected to raise its key interest rate to 4.6% on Tuesday, according to economists surveyed by Bloomberg.

If the Reserve Bank of Australia (RBA) doesn't hike rates as anticipated, it would be a significant policy surprise.

Assuming the rate increase goes ahead, the next question is whether another rise will follow in November. RBA Governor Michele Bullock's post-announcement press conference will provide important insights into her expectations and messaging.