Economic News

Central banks rarely say outright that they want the economy to slow. The Reserve Bank's November 2026 forecasts come close. Buried in the Statement onMonetary Policy(SMP) table is a revision that captures the cost of theInflationfight: GDP growth over the year to December 2027 …

Four words in the November 2026 Statement onMonetary Policy(SMP) carry more weight than they might appear to: "Financial conditions are judged to be restrictive." For economists, it is a technical assessment. For households and businesses, it describes something they are likely already feeling.

In the November 2026 Statement onMonetary Policy(SMP), released at 2.30 pm AEDT on 3 November alongside the decision to lift the cash rate target by 25 basis points to 4.85%, one assumption matters more than most: what happens to energy prices.

Five weeks separate the Reserve Bank's November decision from its final meeting of the year. In that window, one scheduled release stands out on the RBA's own homepage: the next monthlyConsumer Price Indexupdate, due on 25 November 2026. The nextMonetary Policydecision follows at 2.30 …

Six votes to three. That is the arithmetic behind the latest move in Australian interest rates, and it marks a clear change of tone from the Board's previous meeting. When the cash rate was raised from 4.35% to 4.60% on 29 September 2026, the …

February, March, May, September and now November. With Tuesday's decision, 2026 has delivered five increases to the cash rate target in one calendar year, and the year is not over yet. The latest quarter-point rise was announced at 2.30 pm AEDT on 3 November …

Not every member of the Reserve Bank's Monetary Policy Board was convinced that another rate rise was needed. On 3 November 2026, three members voted to leave the cash rate target at 4.60%. The other six voted to raise it by 25 basis points …