What's The Rate?
Current Reserve Bank of Australia Cash Rate
RBA Cash Rate
3.85%
Last updated: 3 Feb 2026
CBA
5.59%
+1.74% vs cash rate
As of 13 Feb 2026
ANZ
5.50%
+1.65% vs cash rate
As of 13 Feb 2026
NAB
5.69%
+1.84% vs cash rate
As of 13 Feb 2026
Westpac
5.64%
+1.79% vs cash rate
As of 13 Feb 2026
3-Month Trend
Next RBA Decision
17 Mar 2026
@ 2:30pm
Change in Monthly Repayment (Principal + Interest)
| Mortgage | Monthly Repayment Change |
|---|---|
| $100,000 | +$16 |
| $200,000 | +$32 |
| $300,000 | +$49 |
| $400,000 | +$65 |
| $500,000 | +$81 |
| $600,000 | +$97 |
| $700,000 | +$114 |
| $800,000 | +$130 |
| $900,000 | +$146 |
| $1,000,000 | +$162 |
Change in Monthly Repayment (Interest Only)
| Mortgage | Monthly Interest Change |
|---|---|
| $100,000 | +$21 |
| $200,000 | +$42 |
| $300,000 | +$62 |
| $400,000 | +$83 |
| $500,000 | +$104 |
| $600,000 | +$125 |
| $700,000 | +$146 |
| $800,000 | +$167 |
| $900,000 | +$187 |
| $1,000,000 | +$208 |
Assumes interest-only payments for illustration. Actual monthly repayments may differ.
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.