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What's The Rate?

Current Reserve Bank of Australia Cash Rate

RBA Cash Rate

3.60%

↓-0.25

Last updated: 13 Aug 2025

3-Month Trend

3.85%
May
3.85%
Jul
3.60%
Aug
Decrease
No change
Increase

Next RBA Decision

30 Sep 2025

@ 2:30pm

Change in Monthly Repayment (Principal + Interest)

MortgageMonthly Repayment Change
$100,000-$16
$200,000-$32
$300,000-$47
$400,000-$63
$500,000-$79
$600,000-$95
$700,000-$111
$800,000-$127
$900,000-$142
$1,000,000-$158
Using average variable mortgage rate for new owner-occupier loans: 5.8%. Source: RBA, Lenders' Interest Rates, 13 Aug 2025 (New loans). Change calculation: 5.8% → 5.55%. Assumes 30-year principal + interest loan. Actual repayments may differ.

Change in Monthly Repayment (Interest Only)

MortgageMonthly 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.