Inflation
4.0%
Annual CPI
2026-08
Released 30 Sept 2026ABSSource
RBA meeting
RBA Raises Cash Rate to 3.60% – March 2023 Decision
Official RBA cash rate result for the Tuesday 7 March 2023 Monetary Policy Board meeting.
Decision record live · verified 1 Oct 2026
Official result · 7 Mar 2023
+0.25 percentage points
Previous
3.35%
New target
3.60%
Change
hike
Published institution forecasts
March 2023 meeting views
No published/current verified forecast is available for this meeting.
Institution views are sourced records. They are not RBADay forecasts or guarantees of the RBA decision.
Compare current market pricing and forecastsKey data before the next meeting
What the RBA is watching
for every observation
Underlying inflation
3.6%
Trimmed mean
2026-08
Released 30 Sept 2026ABSSource
Unemployment
4.6%
Seasonally adjusted
2026-08
Released 24 Sept 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
Your inputs stay in this browser. They are not sent to RBADay or stored.
Estimated repayment (monthly)
+0.25 ptsCurrent (monthly)
$4,228
After scenario (monthly)
$4,328
Approximate change per month
+$100 / month
+$1,204 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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