# RBA Hikes to 4.85%, but Split Vote and Softer Guidance Hit AUD/USD

> The RBA raised its cash rate to 4.85%, its highest level since 2008, in a 6-3 vote. The Board removed its explicit reference to further rate increases, and it revised inflation forecasts higher while growth and unemployment outlooks weakened.

- Date: 2026-11-03 · published 2026-11-03T12:09:30.178Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/77549-rba-hikes-to-4-85-but-split-vote-and-softer-guidance-hit-aud-usd
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The softer guidance points toward an end to tightening, which reduces support for the Australian dollar and makes Australian exports more competitive. Lower AUD can ease the cost of Australian feed grain exports to Asian buyers.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forextraders.com: https://forextraders.com/forex-news/rba-raises-cash-rate-to-4-85/
- forex.com: https://www.forex.com/en/news-and-analysis/rba-hikes-to-4-85pct-but-split-vote-and-softer-guidance-hit-aud-usd/?amp=true
- forex.com: https://www.forex.com/en-sg/news-and-analysis/rba-hikes-to-4-85pct-but-split-vote-and-softer-guidance-hit-aud-usd/
- stonex.com: https://www.stonex.com/en-gb/news-and-analysis/rba-hikes-to-4-85pct-but-split-vote-and-softer-guidance-hit-aud-usd-2026-11-03/

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