Australia’s September job data prompts traders to cut RBA rate hike bets

AI-generated briefing · First published 2026-10-15 02:35:51 UTC

Unemployment rose to 4.7% and employment fell 39,300, leading markets to lower odds of further Reserve Bank of Australia rate increases.

Australia’s September unemployment rate rose to 4.7%, above the expected 4.6%, while employment unexpectedly fell 39,300, prompting traders to scale back bets on further Reserve Bank of Australia rate hikes. [1] [2]

After the data, markets cut the probability of an RBA November hike to under 20% and a December hike to 40%. The Australian dollar fell 0.2% and the three-year government bond yield dropped 10.08 basis points to 4.8078%. [2]

Sources

1. Australia’s Higher Unemployment Prompts Paring of Rate Bets

   Bloomberg · 2026-10-15 00:34:53 UTC · Summary only

2. 澳大利亚9月失业率上升 促使交易员削减澳央行加息押注

   Sina Finance · 2026-10-15 01:41:58 UTC · Full text

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