• NAB now expects the Reserve Bank of Australia to raise the cash rate 25 basis points to 4.85% in November.
• The forecast reflects reassessed domestic capacity pressures, with underlying inflation materially above the central bank's August forecast.
• Third-quarter trimmed mean inflation reached 1% quarter-on-quarter and 3.7% year-on-year.
• Inflation remained broad-based, with 59% of the CPI basket rising above 3.5% on a three-month annualized basis.
• A pause is likely following November's increase, though persistent inflation risks would leave the tightening cycle's end uncertain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.