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Inflation rises: Is a Melbourne Cup Day rate hike next?

October 28, 2026 • 07:24 AM

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Australia's inflation rate has climbed to 4.3 per cent, raising the prospect of another RBA rate rise. What does it mean for interest rates and investors?

Inflation rises: Is a Melbourne Cup Day rate hike next?

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Australia's annual inflation has risen to 4.3 per cent, fuelling speculation about another RBA rate rise on Melbourne Cup Day. Economist Warren Hogan examines what's driving price pressures, while portfolio manager Jun Bei Lui discusses the market reaction, renewed confidence in AI and Star Entertainment's $260 million fine.

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

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#rba

#interest-rates

#inflation

#melbourne

#australia

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Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

6 Publications

The Australian Financial Review (AFR)

2d ago

A weak Australian dollar starts to threaten RBA’s inflation fight

The lowest Aussie in seven months could lead to more expensive imports, stoking further price rises to make the central bank’s job harder.

#rba #inflation

Compare →

The Guardian

2d ago

Bank of England’s inflation response ‘risks higher interest rates for longer’

Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy

#interest-rates #inflation

Compare →

CNN International

2d ago

Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.

#interest-rates #inflation #hike

Compare →

CNBC World

2d ago

Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.

#inflation #hike

Compare →

ABC News Australia

2d ago

Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide

Wall Street hit the brakes as higher-than-expected inflation looks to have cemented a December rate hike, while the ASX is priced to slide as well. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

#inflation #hike

Compare →

The Age

2d ago

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

#interest-rates #inflation

Compare →

Inflation rises: Is a Melbourne Cup Day rate hike next?

Same Story from Other Publications

A weak Australian dollar starts to threaten RBA’s inflation fight

Bank of England’s inflation response ‘risks higher interest rates for longer’

Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

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Wholesale inflation rose in October to highest annual rate in nearly four years | CNN Business

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Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation

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