# Interest rates live updates: RBA expected to hike cash rate to 18-year high of 4.85 per cent - ABC News

> The Reserve Bank of Australia's board was widely expected to lift the cash rate to 4.85%, an 18-year high, after senior officials warned inflation remained too high. The market snapshot showed the Australian dollar slightly lower at 69.99 US cents and Brent futures down 8.1% to $104.34 a barrel.

- Date: 2026-11-02 · published 2026-11-02T21:12:14.979Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/75928-interest-rates-live-updates-rba-expected-to-hike-cash-rate-to-18-year-high-of-4
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A tighter Australian monetary stance supports the currency's direction against the US dollar and raises borrowing costs for Australian agribusiness and feedlot operators, while the oil move signals easing energy-driven inflation pressure.

## Read by commodity

- AUDUSD: neutral

## Sources

- abc.net.au: https://www.abc.net.au/news/2026-11-03/rba-interest-rates-markets-live-coverage/107338216

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