Reserve Bank of Australia · Cash rate target
Australia · AUD · Policy rate
The Reserve Bank of Australia’s Cash rate target is 4.60 %, last changed on 30 Sep 2026 when it was raised by 25 bp from 4.35 %. The next scheduled decision is on .
4.60 %
- Last change
- raised +25 bp·announced 29 Sep 2026
- Previous rate
- 4.35 %
- Next decision
- Latest observation
- Source
- BIS + RBA
4.60 % ·
2 Nov 20210.00 – 4.60 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| announced 29 Sep 2026 | 4.60 % | +25 bp |
| 4.35 % | hold | |
| 4.35 % | hold | |
| announced 5 May 2026 | 4.35 % | +25 bp |
| announced 17 Mar 2026 | 4.10 % | +25 bp |
| announced 3 Feb 2026 | 3.85 % | +25 bp |
| 3.60 % | hold | |
| 3.60 % | hold | |
| 3.60 % | hold |
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- Australia
- Currency
- AUD
- Type
- Policy rate
- Set by
- Reserve Bank of Australia
- History since
- 1976
- Changes in the last 12 months
- 4
Questions and answers
- What is the current Reserve Bank of Australia interest rate?
- The Reserve Bank of Australia’s Cash rate target is 4.60 %, last changed on 30 Sep 2026 when it was raised by 25 bp from 4.35 %.
- When did the Reserve Bank of Australia last change its rate?
- On 30 Sep 2026, when the Cash rate target was raised by 25 bp to 4.60 % from 4.35 %.
- What did the Reserve Bank of Australia decide at its last meeting?
- On 30 Sep 2026 it raised the Cash rate target by 25 bp to 4.60 %.
- When is the next Reserve Bank of Australia rate decision?
- The next scheduled announcement is on 3 Nov 2026.
Decisions by year since 2019
2026net +100 bp
| Date | Rate | Change |
|---|---|---|
| announced 29 Sep 2026 | 4.60 % | +25 bp |
| 4.35 % | hold | |
| 4.35 % | hold | |
| announced 5 May 2026 | 4.35 % | +25 bp |
| announced 17 Mar 2026 | 4.10 % | +25 bp |
| announced 3 Feb 2026 | 3.85 % | +25 bp |
2025net −75 bp
| Date | Rate | Change |
|---|---|---|
| 3.60 % | hold | |
| 3.60 % | hold | |
| 3.60 % | hold | |
| announced 12 Aug 2025 | 3.60 % | −25 bp |
| 3.85 % | hold | |
| announced 20 May 2025 | 3.85 % | −25 bp |
| 4.10 % | hold | |
| announced 18 Feb 2025 | 4.10 % | −25 bp |
2023net +125 bp
| Date | Rate | Change |
|---|---|---|
| 4.35 % | +25 bp | |
| 4.10 % | +25 bp | |
| 3.85 % | +25 bp | |
| 3.60 % | +25 bp | |
| 3.35 % | +25 bp |
2022net +300 bp
| Date | Rate | Change |
|---|---|---|
| 3.10 % | +25 bp | |
| 2.85 % | +25 bp | |
| 2.60 % | +25 bp | |
| 2.35 % | +50 bp | |
| 1.85 % | +50 bp | |
| 1.35 % | +50 bp | |
| 0.85 % | +50 bp | |
| 0.35 % | +25 bp |
2020net −65 bp
| Date | Rate | Change |
|---|---|---|
| 0.10 % | −15 bp | |
| 0.25 % | −50 bp |
2019net −75 bp
| Date | Rate | Change |
|---|---|---|
| 0.75 % | −25 bp | |
| 1.00 % | −25 bp | |
| 1.25 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Oceania
Source: BIS central bank policy rates, Reserve Bank of Australia. Latest observation 30 Oct 2026. Refreshed every 30 minutes.