Westpac Now Sees RBA Raising Cash Rate to 4.6% in November

Westpac economist Luci Ellis now expects the Reserve Bank to raise the cash rate to 4.6% in November, citing more resilient household incomes and broader economic spillovers from the data-center boom. The revised call signals stronger-than-expected domestic demand and a more hawkish policy path, which would increase borrowing-cost headwinds for rate-sensitive households and equities.