RBA Rate Hike Odds Soar Amid Inflation Fears
Speculative investors are betting that the Reserve Bank of Australia will raise interest rates again in November to combat inflation.
A recent surge in swaps indicates a 45% chance of a quarter-point hike by November, up from 38% before Tuesday's RBA decision.
Trading in November 2026 interbank cash-rate futures on the Australian Securities Exchange's derivatives market rose to over a three-month high on the day of the meeting.