Markets see a November RBA rate hike as close to a coin toss, even though official figures released a week ago showed unemployment hitting a five-year high of 4.7%. The RBA has a full-employment mandate, and unemployment is running well above its forecasts, which may signal a faster-than-expected weakening in the jobs market. In theory, that should help bring inflation back to target without the need for higher interest rates.
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RBAinterest ratesunemploymentinflationAustralia
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Related tickers and likely impact
AUD/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 0.70288 |
| Change that session | +0.35% |
NZD/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 0.57007 |
| Change that session | +0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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