RBA Cash Rate

The Reserve Bank of Australia (RBA) cash rate, also known as the official cash rate, is the rate of interest the RBA charges on overnight loans to commercial banks. It serves as a benchmark for the interest rates that banks charge customers for various loans and mortgages, and it influences the overall cost of borrowing in the Australian economy.

The RBA adjusts the cash rate as part of its monetary policy to manage inflation, stabilize the currency, and support sustainable economic growth. Changes in the cash rate can impact everything from mortgage payments to the broader financial market.