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Big Four Banks Forecast RBA Cash Rate at 4.60%

Event Date: Sep 25, 2026

Analysis Summary

The four major Australian banks – Commonwealth Bank, Westpac, NAB, and ANZ – now all expect the RBA to raise rates by 25bp to 4.60% at the Sept 28–29 meeting, citing stronger inflation risks flagged by Governor Bullock, oil price spikes, and hawkish RBA communications. They diverge on vote unanimity and follow-up hikes, with CBA and Westpac warning of further tightening if trimmed-mean inflation stays around 1%. Markets are heavily pricing in the move, with about 90% probability.

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Big Four Banks Forecast RBA Cash Rate at 4.60%

Analysis Summary

Verified Source: Reddit

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