Updated April 2026
RBA Cash Rate — Current Rate & History
The Reserve Bank of Australia cash rate directly affects your home loan, savings and credit card interest rates.
4.10%
Current Cash Rate
▲ Feb 2026
Last Change (increase)
May 2026
Next RBA Meeting
0.10%
Historic Low (2020–22)
📰 Latest: RBA raises cash rate in February 2026
The RBA increased the cash rate by 0.25% at its February 2026 meeting, citing persistent inflation and strong labour market conditions. Most major banks passed on the full increase to variable rate home loan customers within days. The next RBA Board meeting is scheduled for May 2026.
Cash Rate History — 2019 to 2026
| Date | Change | Cash Rate |
|---|---|---|
| February 2026 | ▲ +0.25% | 4.10% |
| December 2025 | ▼ -0.25% | 3.85% |
| November 2025 | — No change | 4.10% |
| September 2025 | ▼ -0.25% | 4.10% |
| November 2023 | ▲ +0.25% | 4.35% |
| May 2022 – Oct 2023 | ▲ Series of increases | 0.10% → 4.35% |
| Nov 2020 – Apr 2022 | — Historic low | 0.10% |
How the Cash Rate Affects Your Home Loan
When the RBA raises the cash rate, banks typically raise variable home loan rates within days. A 0.25% increase adds approximately $94/month to a $600,000 mortgage over 30 years. Multiple increases compound — the 13 increases from May 2022 to November 2023 added over $1,200/month for the average borrower.
2026 RBA Meeting Calendar
February
▲ Raised +0.25%
March/April
No meeting
May
Next meeting
July
Scheduled
August
Scheduled
September
Scheduled
Disclaimer: Cash rate information is updated manually and may not reflect the most recent RBA decision. Always verify the current cash rate at rba.gov.au. This is general information only and not financial advice.