# RBA meets as expected rate decision could take cash rate to 18-year high

https://mins.news/en/item/126375

- The Guardian, 2026-11-03 01:30 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/live/2026/nov/03/rba-interest-rates-meeting-today-latest-news-australia-reserve-bank-cash-rate-announcement-decision-live-updates

> The Reserve Bank of Australia is expected to raise rates on Tuesday, its fifth hike this year, potentially lifting the cash rate to 4.85%—an 18-year high. Treasurer Jim Chalmers said Australians were bracing for a “difficult decision” and that a rise would worsen pressure on households. He said more work was needed to tighten the budget regardless of the bank’s independent decision.

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