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Australia: Reserve Bank lifts cash rate to 4.85% in split 6-3 vote, 3 November 2026
On 3 November 2026, Australia's central bank raised its cash rate to 4.85%, its fifth rise this year, as inflation stays above its 2-3% target.
3 min read
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On 3 November 2026, Australia's central bank raised its cash rate to 4.85%, its fifth rise this year, as inflation stays above its 2-3% target.
3 min read

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From 1 November 2026, Bosnia and Herzegovina insures bank deposits up to 100,000 marks per depositor per bank, up from 70,000 marks.
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Bankruptcy proceedings opened 3 November 2026. Banka Postanska Stedionica pays insured deposits up to 50,000 euros from 13 November 2026.
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Sri Lanka has deferred the mandatory TIN certificate for eight transactions, including bank accounts and credit cards, from 1 November 2026 to 1 April 2027.
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ZenBusiness Banking accounts close on 30 November 2026, and deposits into them stop on 3 November. Account holders must open a new account, move funds, and redirect deposits and payments before those dates.
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Binance has reopened withdrawals in phases since 1 November after the 29 October security incident, and says about 98% of the roughly $6.3 billion affected has been replenished from its own funds. Some assets are still waiting.
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The Central Bank of Egypt raised its key rates by 100 basis points on 29 October 2026, taking the deposit rate to 20% and the lending rate to 21% in its first hike since March 2024.
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The Bank of Namibia raised its repo rate to 7.00% on 28 October 2026, pushing the prime lending rate to 10.50% as inflation reached 5.4% in September.
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The UK Government has announced that the tax-free mileage rate above 10,000 business miles a year in a privately owned car or van rises from 25p to 35p per mile from 6 April 2027, with the 55p rate for the first 10,000 miles made permanent.
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The Bank of Canada raised its target for the overnight rate by 25 basis points to 2.50% on 28 October 2026, its first increase since July 2023, as inflation stayed around 3% and is expected to average 3% in 2027.
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The United Kingdom Budget delivered on 28 October 2026 raises tax on savings and property income to 24%, 44% and 49% from 6 April 2027, halves Business Asset Disposal Relief to 500,000 pounds, and raises the trading allowance to 3,000 pounds.
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Coinbase retail customers in the European Economic Area have until 30 October 2026 to withdraw 14 stablecoins it can no longer support under MiCA. Anything left on that date is converted once, at the market rate, into USDC where suitable.
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