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Central BanksMediumUpdated×2•Originally published 3 November 2026•Updated 3 November 2026•
1 min read

RBA Hikes Rates to 4.85% as Asian Tech Stocks Drag Markets Lower

Key Facts

1The Reserve Bank of Australia hiked the cash rate to 4.85% at its latest meeting.
2Asian equities traded mostly lower, weighed down by a drag in the technology sector.

The Reserve Bank of Australia (RBA) hiked the cash rate to 4.85% at its meeting on November 3, 2026. Seeking Alpha reported that Asian equities traded mostly lower during the session, weighed down by a significant drag in the technology sector.

The rate hike follows Australian inflation data from October 28, 2026, which showed the Trimmed Mean CPI at 3.7% year-on-year, exceeding the forecast of 3.6%. Regional markets faced downward pressure as technology and artificial intelligence stocks remained under selling pressure following global sentiment shifts.

Australia is scheduled to release its Balance of Trade data on November 5, 2026, with market forecasts anticipating a figure of 1.2 billion.

Latest Updates · 2

  1. Notable·

    Update: The RBA signaled on November 3, 2026, a likely pause in rate hikes for December to assess economic conditions. The decision to raise rates by 25 basis points followed a split vote among board members.

  2. Notable·

    Update: The RBA revealed a split vote among policy members regarding the rate hike decision on November 3, 2026. The central bank's shift toward softer forward guidance resulted in downward pressure on the AUD/USD pair.

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