Sticky inflation and robust labor market data have driven Polymarket trader consensus to price a 66% implied probability for a Reserve Bank of Australia rate hike at the May 7 meeting, up from lower odds pre-Q1 CPI release. Australia's headline CPI hit 3.6% year-over-year in Q1—above the RBA's 2-3% target—with trimmed mean inflation at 4.0%, signaling persistent price pressures amid strong wage growth. Unemployment held steady at 4.1% in April, bolstering hawkish sentiment echoed in RBA April minutes highlighting upside risks. No-change odds at 33% reflect caution ahead of further releases, while decrease probability remains negligible at 3.8% given resilient growth and global caution from peers like the Fed.
Experimental AI-generated summary referencing Polymarket data · UpdatedReserve Bank of Australia Decision in May?
Reserve Bank of Australia Decision in May?
Increase 67%
No Change 33%
Decrease 4.0%
Decrease
4%
No Change
33%
Increase
67%
Increase 67%
No Change 33%
Decrease 4.0%
Decrease
4%
No Change
33%
Increase
67%
The resolution source for this market is information released by the Reserve Bank of Australia after its May 5, 2026 meeting, as listed on the official Reserve Bank of Australia calendar: https://www.rba.gov.au/schedules-events/board-meeting-schedules.html
This market may resolve as soon as the Reserve Bank of Australia's media release for their May 5, 2026 meeting with relevant data is issued. If no decision on the target for the cash rate is issued by the end date of the next scheduled meeting, this market will resolve to the "No Change" bracket.
Market Opened: Feb 3, 2026, 10:32 AM ET
Resolver
0x2F5e3684c...Resolver
0x2F5e3684c...Sticky inflation and robust labor market data have driven Polymarket trader consensus to price a 66% implied probability for a Reserve Bank of Australia rate hike at the May 7 meeting, up from lower odds pre-Q1 CPI release. Australia's headline CPI hit 3.6% year-over-year in Q1—above the RBA's 2-3% target—with trimmed mean inflation at 4.0%, signaling persistent price pressures amid strong wage growth. Unemployment held steady at 4.1% in April, bolstering hawkish sentiment echoed in RBA April minutes highlighting upside risks. No-change odds at 33% reflect caution ahead of further releases, while decrease probability remains negligible at 3.8% given resilient growth and global caution from peers like the Fed.
Experimental AI-generated summary referencing Polymarket data · Updated
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