Loading…
An ABC political analysis says a further Reserve Bank rate rise is widely expected on Melbourne Cup Day, with markets pricing more than an 80 percent chance of a move to 4.85 percent. The piece attributes inflation to wars, an oil price spike and the AI boom, and describes growing internal discontent in the Albanese government.
The story is mainly political commentary on expected rate hikes and does not add new supply, demand or price information for feed commodities. Its main relevance is confirming the tightening outlook for Australian borrowing costs.
abc.net.auClare ArmstrongOct 31, 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.
