Economic News

The forecasts accompany the RBA's November 2026 Statement on Monetary Policy, released after the Board lifted the cash rate to 4.85% on 3 November.

A rising unemployment rate usually gets read as a sign that businesses are shedding staff. The Reserve Bank of Australia's (RBA) November 2026 Statement onMonetary Policytells a more nuanced story. In its chapter on economic conditions, the bank states plainly: "The unemployment rate increased …

The ABS reported on 2 November that total dwelling approvals rose 5.1% in September to 17,948 in seasonally adjusted terms.

Plot the Reserve Bank of Australia's latest unemployment forecasts on a chart and the result is a line that never turns down. From 4.4 per cent in June 2026 it climbs steadily to 5.1 per cent by December 2028. The rises are small at …

That is a drop of 190 homes, or about 30.7%.

On 3 November 2026 the Reserve Bank of Australia'sMonetary PolicyBoard announced that it had raised the cash rate target by 25 basis points, taking it from 4.60 per cent to 4.85 per cent. The RBA website lists the new target with an effective date …

Treasury's Emma Gabrielsen, assistant secretary for tax analysis, set out the numbers at the SenateEconomicsLegislation Committee hearing on Friday 6 November.