UBS chief economist George Tharenou said the Reserve Bank of Australia is signaling a further rate increase in November and that hikes could extend beyond that. UBS forecasts headline inflation at 3.8% YoY in Q3 2026 versus a 2.5% target, leaving upside risk to the official cash rate after November and raising the odds of a February move to 5.10%.

2026-09-29

UBS chief economist George Tharenou said the Reserve Bank of Australia is signaling a further rate increase in November and that hikes could extend beyond that. UBS forecasts headline inflation at 3.8% YoY in Q3 2026 versus a 2.5% target, leaving upside risk to the official cash rate after November and raising the odds of a February move to 5.10%.