# Nation readies itself for rates that stop inflation | The Canberra Times | Canberra, ACT

> 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.

- Date: 2026-11-01 · published 2026-11-01T18:10:29.590Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29822-nation-readies-itself-for-rates-that-stop-inflation-the-canberra-times-canberra
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher Australian rates support the AUD and tighten credit for Australian livestock and feed buyers, while the effect on global feed prices is limited.

## Sources

- canberratimes.com.au: https://www.canberratimes.com.au/story/9383695/nation-readies-itself-for-rates-that-stop-inflation/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.