The Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.60 per cent at its 29 September 2026 meeting, according to the RBA’s official statement. The new rate took effect on 30 September.
The RBA said the decision by the Monetary Policy Board was unanimous. It described the move as the third increase in the cash rate target since the start of the year, and said inflation is still too high even though the economy appears to be slowing.
The Board said it remains focused on making sure high inflation does not become embedded, and that it will keep doing what it considers necessary to bring inflation back to target, including raising the rate further if needed.
What the numbers show
The RBA’s published cash rate history lists the target at 3.85 per cent from 4 February 2026, 4.10 per cent from 18 March, 4.35 per cent from 6 May, and 4.60 per cent from 30 September. The rate was held at 4.35 per cent at the June and August meetings.
What happens next
The RBA’s cash rate overview says the next update is due at 2.30 pm Sydney time on 3 November 2026. The Board meets eight times a year, and decisions are published at 2.30 pm after each meeting.
Source: Reserve Bank of Australia. This article is general news, not financial advice. Check your own lender for how rate changes affect your loan or savings.
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