Three big banks predict RBA to lift rates at least once more in 2026 | The Business | ABC NEWS

Official July inflation data released on Wednesday was hot enough to force three of the four major bank economists to revise their interest rate forecasts. CBA's Belinda Allen is now predicting a November rate hike. ANZ's Adam Boyton has the same view. NAB's Sally Auld goes a step further with a prediction of a September rate rise, and a possible follow up in November. Westpac has kept its powder dry for now maintaining the RBA is on hold for the rest of the year. After three interest rate increases so far in 2026, the official cash rate sits at 4.35 per cent. A further hike would take it to 4.6% - the highest since October 2011. Financial markets have one rate increase priced in by the end of the year. CBA's Belinda Allen says, "we saw inflation strengthen across a broad range of factors, particularly domestic market prices and that just shows inflation is still here to stay." #ABCBusiness Subscribe: http://ab.co/1svxLVE Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia