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Financial markets and most economists expect the Reserve Bank of Australia to raise rates on Melbourne Cup Day after hot inflation data. The trimmed mean measure rose 1% in September, above forecast, and the cash rate would reach 4.85%, its highest since 2008.
HSBC expects the bank to prioritise inflation over growth.
Higher Australian rates support the AUD and tighten credit for Australian livestock and feed buyers, while the effect on global feed prices is limited.
canberratimes.com.auJacob ShteymanNov 1, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
