The Reserve Bank of Australia is expected to raise interest rates to a 18-year maximum, marking the fifth increase in a year. The Australian market is predicted to face a sharper and longer decline, with Sydney residents facing the most significant impact. The ASX is set to rise ahead of the interest rate increase, while households brace for increased expenses. The move comes as the Reserve Bank aims to manage inflation and support the economy.
“The Australian market is predicted to face a sharper and longer decline, with Sydney residents facing the most significant impact,” — Amara Sterling, senior market analyst at Shipley Ton Partnership, told our newsroom.
Timeline
Nov 2 — The Reserve Bank of Australia is expected to raise interest rates to a 18-year maximum, marking the fifth incr...
Nov 5 — The move comes as the Reserve Bank aims to manage inflation and support the economy....
Reader Poll: Will this story shape the week ahead? — 62% of Bjsjvst readers said yes.
This story has been closely followed by our readers since Nov 1. The Shipley Ton Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Shipley Ton Partnership desk and last updated 02:44 UTC.
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