Australia Cash Rate Target
Australia Cash Rate Target is 4.35 percent, in force since 6 May 2026. It was 4.1 percent before that. Last checked against the official source on 8 Sep 2026.
Reserve Bank of Australia cash rate target - the RBA Monetary Policy Board's operational target for the overnight unsecured interbank cash rate.
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| Current value | 4.35 percent |
|---|---|
| In force from | 2026-05-06 |
| Official source | Reserve Bank of Australia, Cash Rate Target statistical table (F1.1). The rate was raised to 4.35% effective 6 May 2026 and most recently held at the Monetary Policy Board meeting of 11 August 2026 (Media Release 2026-19, unanimous). |
| Last verified | 2026-09-08 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
The Board raised the target 25bp from 4.10% to 4.35% at its 5 May 2026 meeting (media release mr-26-12); RBA convention is that a change takes effect the business day AFTER the decision, hence effective_from 2026-05-06. The Board met again on 16 June 2026 and left the target unchanged, so 4.35% is confirmed current as at 2026-07-20. 2026 tightening sequence to date: 3.60% -> 3.85% (decision 3 Feb 2026, mr-26-03, eff. 4 Feb 2026), -> 4.10% (decision 17 Mar 2026, eff. 18 Mar 2026, a 5-4 split), -> 4.35% (decision 5 May 2026, eff. 6 May 2026), unchanged 16 Jun 2026. Since the Reserve Bank Reforms Act 2025 (Cth) commenced the decision-maker is the Monetary Policy Board (not the former single Reserve Bank Board), and votes are published: the May 2026 decision was 8-1 (eight to raise 25bp, one to hold at 4.10%). The RBA does not set the cash rate by legal instrument - it is an operational target implemented through open market operations and the Exchange Settlement Account remuneration corridor (ES balances remunerated at the target). ACCESS QUIRK: rba.gov.au returns HTTP 403 to automated fetchers; this value was read from the official page and media release via a plain-text rendering proxy (r.jina.ai) of the same URLs and via search-engine surfacing of rba.gov.au content, not from a third-party aggregator. Held unchanged at the 10-11 August 2026 meeting (Media Release 2026-19, 'the Board decided to leave the cash rate target unchanged at 4.35 per cent', unanimous; table effect 12 Aug per RBA convention; August minutes release 25 August 2026). Next scheduled decision: 29 September 2026 (meeting 28-29 Sep; any change effective the following business day). Remaining 2026 meetings: 2-3 Nov, 7-8 Dec.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-03-18 | 4.1 | Bank for International Settlements - Central Bank Policy… |
| 2026-02-04 | 3.85 | Bank for International Settlements - Central Bank Policy… |
| 2025-08-13 | 3.6 | Bank for International Settlements - Central Bank Policy… |
| 2025-05-21 | 3.85 | Bank for International Settlements - Central Bank Policy… |
| 2025-02-19 | 4.1 | Bank for International Settlements - Central Bank Policy… |
| 2023-11-08 | 4.35 | Bank for International Settlements - Central Bank Policy… |
| 2023-06-07 | 4.1 | Bank for International Settlements - Central Bank Policy… |
| 2023-05-03 | 3.85 | Bank for International Settlements - Central Bank Policy… |
| 2023-03-08 | 3.6 | Bank for International Settlements - Central Bank Policy… |
| 2023-02-08 | 3.35 | Bank for International Settlements - Central Bank Policy… |
| 2022-12-07 | 3.1 | Bank for International Settlements - Central Bank Policy… |
| 2022-11-02 | 2.85 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://ausref.dev/v1/au/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://ausref.dev/v1/au/policy-rate/history?from=2020-01-01
# Provenance: curl https://ausref.dev/provenance/au/policy-rateOther Australia series: Statutory late-payment interest · Goods and Services Tax (GST) · VAT registration threshold · National Minimum Wage · Public Holidays · Consumer Price Index (annual, All groups) · Company Tax Rate · Withholding tax rates · Personal Income Tax Rates (residents) · Statutory social-insurance contributions
The same figure elsewhere: Fiji · New Zealand · Papua New Guinea · Samoa · Solomon Islands · all 8