Expectations of another Australian interest-rate increase have strengthened ahead of the Reserve Bank's September 28–29 monetary policy meeting.
ABC News reported that all four major banks now forecast a September increase, while financial-market pricing implies a high probability of a move. Those forecasts are not a decision by the RBA, whose board will assess the latest data at its meeting.
Governor Michele Bullock told a Sydney event that the labour market was probably still placing upward pressure on wages, business costs and inflation. She said policy needed to limit the risk that imported energy-price inflation flowed into broader domestic price rises.
The August labour-force figures, due on Thursday, will be the final major economic release before the board meets. The RBA left the cash rate at 4.35 per cent in August after increasing it by 75 basis points during 2026.
Sources: ABC News, 22 September 2026; Reserve Bank of Australia, 11 August 2026.
Image disclosure: The featured image is an AI-generated conceptual illustration of a generic home, mortgage papers and an unlabeled rate gauge. It is not an RBA forecast, bank document or guarantee that interest rates will change.
