Australian markets are bracing for a near-certain RBA rate rise next week; markets should also weigh the risk of a further December hike, which would be the sixth increase. AMP chief economist Shane Oliver called a December move 'high-risk' but said it is not his base case. He expects next week’s hike should allow the RBA to pause; if the central bank intends another increase it may wait until February to assess the impact after two consecutive meetings.

2026-10-29

Australian markets are bracing for a near-certain RBA rate rise next week; markets should also weigh the risk of a further December hike, which would be the sixth increase. AMP chief economist Shane Oliver called a December move 'high-risk' but said it is not his base case. He expects next week’s hike should allow the RBA to pause; if the central bank intends another increase it may wait until February to assess the impact after two consecutive meetings.