What's The Rate?
Current Reserve Bank of Australia Cash Rate
RBA Cash Rate
3.85%
-0.00
Last updated: 9 Jul 2025
3-Month Trend
4.10%
Apr
3.85%
May
3.85%
Jul
Decrease
No change
Increase
Next RBA Decision
12 Aug 2025
@ 2:30pm
What is the RBA Cash Rate?
The Reserve Bank of Australia (RBA) cash rate is the interest rate charged on overnight loans between banks.
It influences interest rates throughout the Australian economy, affecting mortgages, savings accounts, and overall economic activity.
Why Does It Matter?
The RBA adjusts the cash rate as part of its monetary policy to manage inflation, stabilize the currency, and support sustainable economic growth.
When the RBA increases the cash rate, it generally leads to higher interest rates on loans and mortgages. When it decreases the rate, borrowing typically becomes cheaper, which can stimulate economic activity.