Central banks this week: Reserve Bank of Australia decides on Tuesday, Bank of England on Thursday

Two central banks are scheduled to announce interest rate decisions this week, the Reserve Bank of Australia (RBA) on Tuesday and the Bank of England on Thursday, according to their published calendars.

Reserve Bank of Australia. The RBA’s Monetary Policy Board will publish its decision at 03:30 GMT on Tuesday 3 November, the bank’s website shows. The cash rate target currently stands at 4.60%, effective since 30 September 2026. The board meets eight times a year and is required to keep consumer price inflation between 2% and 3% and to achieve sustained full employment, the RBA says. The Australian Bureau of Statistics reported last week that consumer prices rose 4.3% in the 12 months to September, up from 4.0% in August; see our report on the inflation figures.

Bank of England. The Bank of England’s Monetary Policy Committee will announce its next Bank Rate decision on Thursday 5 November, together with the minutes of the meeting and the November Monetary Policy Report, the bank’s calendar shows. The bank’s announcements are published at 12:00 GMT. Bank Rate currently stands at 3.75%. The committee meets eight times a year to set Bank Rate with the aim of keeping inflation at the 2% target over time, according to the bank.

US jobs data. The US Bureau of Labor Statistics is scheduled to publish its employment report for October at 8:30am Eastern Time (13:30 GMT) on Friday 6 November, according to its release calendar.

The US Federal Reserve announced its most recent decision on Wednesday 28 October; see our report on the Fed’s decision. Its next scheduled meeting is on 8 and 9 December, according to the Fed’s calendar.