CommBank Forecasts Another RBA Rate Hike in November Amid Persistent Inflation

Commonwealth Bank of Australia (CommBank) anticipates one final interest rate hike from the Reserve Bank of Australia (RBA) in November, which would raise the cash rate to 4.60%. This outlook comes as Australia's economy is slowing, but inflation is proving more persistent than expected, complicating the RBA's efforts to balance inflation control with economic growth. The bank expects little immediate relief for households from higher rates.