Inflation
4.3%
Annual CPI
2026-09
Released 28 Oct 2026ABSSource
Meeting schedule live verified 9 Nov 2026
Next RBA decision
RBA Interest Rate Decision8 December 2026
Tuesday2:30 pm · Sydney time
View the December 2026 RBA decision pageAdd official meetings to your calendar28
days
03
hours
55
minminutes
53
secseconds
Cash rate live verified 10 Nov 2026
Current cash rate target
4.85%
The RBA’s current cash rate target, effective 4 November 2026.
The cash rate target is a benchmark. Your lender’s mortgage rate may differ.
Official statement live verified 10 Nov 2026
Most recent decision
RBA increased to 4.85%
At its 3 November 2026 meeting, the Board increased the cash rate target to 4.85%. The next decision is on 8 December 2026.
Market expectation
What are markets pricing?
Pricing for the 8 Dec 2026 decision
ASX market-implied probabilities
Hold
100%
This is market pricing, not a guarantee of what the RBA will decide.
This is a market-derived indicator based on 30 Day Interbank Cash Rate Futures.
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Mortgage calculator
What would a rate move mean for your repayments?
%
years months
Repayment frequency
Rate scenario
Your inputs stay in this browser. They are not sent to RBADay or stored. Share links keep them after the # in the address, which browsers do not send to websites.
Estimated repayment (monthly)
+0.25 ptsCurrent (monthly)
$4,487
After scenario (monthly)
$4,590
Approximate change per month
+$103 / month
+$1,237 per year, approximately
General Information & Estimates Only. The selected scenario is applied to your entered rate while the balance and remaining term stay unchanged. Assumes a principal-and-interest loan and that your lender passes through the rate change in full. Weekly and fortnightly figures are annualized equivalents ((monthly × 12) ÷ 52 or 26); actual lender repayments may differ depending on compounding and rounding methods. Does not factor in comparison rates, package discounts, or ongoing bank fees. Not financial product advice (ASIC RG 244).
Economic releases live verified 9 Nov 2026
Key data before the next meeting
What the RBA is watching
for every observation
Underlying inflation
3.6%
Trimmed mean
2026-09
Released 28 Oct 2026ABSSource
Unemployment
4.7%
Seasonally adjusted
2026-09
Released 15 Oct 2026ABSSource
Wages
3.2%
Annual WPI growth
2026-Q2
Released 19 Aug 2026ABSSource
The RBA considers inflation, employment, wages, economic activity and financial conditions when setting monetary policy. None of these measures determines a decision on its own.
Explore
Dates, decisions and sources.
The core reference pages for following the RBA cycle.