Former RBA board member Ian Harper says another rate hike before year end is
Former RBA board member Ian Harper said another rate hike before year end is plausible, matching market odds of about one in three.
Ian Harper served on the RBA board for a decade until August 2026. Ian Harper told an event in Sydney that another rate increase before the year ends is plausible based on current circumstances.
The Reserve Bank increased the cash rate to 4.6 per cent in September, its highest level in 15 years. Markets are pricing in roughly a one in three chance of a hike on Melbourne Cup Day in November.
Harper declined to say whether a November increase was likely, repeating only that it was plausible. The RBA board had typically had split votes on monetary policy around 30 per cent of the time over the past decade.
No treasurer tried to influence him during his tenure, Harper said.
- 4.6 percent
- Cash rate
- 10 years, 2016 to August 2026
- Harper's tenure
- One in three
- Market probability of November hike
- 15 years
- Highest rate in
Why it mattersInterest rate decisions affect mortgage payments, savings rates and borrowing costs for millions of Australians. A plausible third hike would push rates to their highest in 15 years.
AustraliaAustralian borrowers watching rates closely. If the RBA hikes again, home loans and other interest costs would rise further, affecting household budgets across the country.
✓ Claims checked against the source. checked 2 h ago
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