Inflation
4.3%
Annual CPI
2026-09
Released 28 Oct 2026ABSSource
RBA meeting
RBA Raises Cash Rate to 4.85% – November 2026 Decision
Official RBA cash rate result for the Tuesday 3 November 2026 Monetary Policy Board meeting.
Decision record live verified 10 Nov 2026
Official result · 3 Nov 2026
+0.25 percentage points
Previous
4.60%
New target
4.85%
Change
hike
Repayment impact
What the November 2026 rise means for monthly repayments
Approximate change in monthly repayments if a lender passes on the 0.25 percentage point move in full.
| Loan balance | Rise of 0.25 pts |
|---|---|
| $400,000 | +$63 / month+$761 / year |
| $500,000 | +$79 / month+$952 / year |
| $600,000 | +$95 / month+$1,142 / year |
| $750,000 | +$119 / month+$1,428 / year |
| $1,000,000 | +$159 / month+$1,903 / year |
Estimates assume a 6.74% variable principal-and-interest loan (the typical advertised variable rate at the big banks) with 25 years remaining and full pass-through by the lender. Your repayments depend on your own rate, balance, term and lender. General information only, not financial advice. Use the calculator for your loan.
Context
How this decision fits the rate cycle
It was the second consecutive rise. At 4.85%, the cash rate target was at its highest level since 4 November 2008. A year earlier it was 3.60%, so the target was up 1.25 percentage points over twelve months.
The marked point is this decision. See every 2026 decision.
Latest economic data ahead of the next meeting.
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.
Mortgage calculator
What would a rate move mean for your repayments?
%
years months
Repayment frequency
Rate scenario
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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).
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