On August 14, speculative investors are increasingly betting that the Reserve Bank of Australia (RBA) will raise interest rates again in November, as inflation levels remain above the central bank's target. Current pricing in the swap market indicates that the probability of a 25 basis point rate hike by the RBA by November is approximately 45%, up from 38% before Tuesday's RBA rate decision. Trading activity in the November 2026 interbank cash rate futures on the Australian Securities Exchange has surged to a three-month high, reflecting heightened market speculation. These bets suggest that the market is increasingly skeptical that the RBA's tightening cycle is over. Although policymakers kept rates unchanged this week, traders will continue to monitor upcoming price and employment data for clues on whether another rate hike is necessary this year.