Goldman Sachs now expects RBA to hike 25bp to 4.85% in November

A single sell-side house flipping its RBA call is less a signal about the central bank than about how fragile consensus around the rate path has become. The revision matters most for Australian rate-sensitive exposure, where positioning built on a steady-cash-rate assumption would be caught offside. The open question is whether other forecasters converge on Goldman's view ahead of the November meeting, or treat it as an outlier — that breadth, not the call itself, is what would give the shift market weight.