PropInsider Radar Events UBS Forecasts Two More RBA Hikes to 4.85%
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UBS Forecasts Two More RBA Hikes to 4.85%

Event Date: Sep 21, 2026

Analysis Summary

RBA Governor Michele Bullock and Deputy Governor Andrew Hauser signaled a hawkish stance, noting inflation risks are skewed to the upside and policy may not be tight enough. UBS now expects two additional rate increases, taking the cash rate to a 4.85% terminal level, above market pricing for only one September hike. This outlook suggests stronger Australian dollar and higher short-end yields.

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