RBA Rate Hike Looms: Australian Stocks Set for Cautious Start
The Australian stock market is expected to start the week cautiously due to concerns over an impending interest rate hike by the Reserve Bank of Australia (RBA).
ASX futures are up just 3 points, or 0.03%, at 8,720, indicating a flat open after the local market ended Friday at a three-month low.
The RBA is likely to raise the cash rate by 25 basis points to 4.60% on Tuesday, which would be the highest level in 15 years and the fourth increase of 2026.