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Reserve Bank of Australia

AUD · Official Website

Latest Statement

🦅 Hawkish

Statement by the Monetary Policy Board: Monetary Policy Decision

2026-02-03

The Reserve Bank of Australia has decided to raise the cash rate target by 25 basis points to 3.85% due to rising inflation pressures and stronger-than-expected private demand. The Board anticipates that inflation will remain above target for an extended period, prompting this adjustment in monetary policy.

Inflation has increased significantly in the second half of 2025, prompting a rate hike.
Private demand has strengthened, driven by household spending and investment, contributing to capacity pressures.
The labor market remains tight, with low unemployment and strong wage growth, indicating ongoing inflationary pressures.

⚡ Rate

↑1 ↓0 →0

📝 Classified Sentences

⚡ Rate Hikemp_interest_rate

"At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 percent."

Bank Profile

Mandate

Price stability (2-3% CPI), full employment, economic prosperity

Decision Types

Cash rate target, Quantitative easing (bond purchases), Yield curve control (terminated 2021)

Policy Instruments

Cash rate, Open market operations, Government bond purchases, Term Funding Facility

Target Indicators

CPI inflation (2-3%), Trimmed mean inflation, Unemployment, Wage growth

Communication Style

Board judgment emphasized, post-meeting statement, detailed minutes, data-dependent

Committee

Reserve Bank Board - 9 members (Governor, Deputy Governor, Treasury Secretary, 6 non-executive)

Economic Indicators

Policy Rate	4.35%
AUD/USD	0.6872
GDP Growth	2.8%
M2 Growth	6.7%
10Y Yield	5.05%
2y10y Spread	+0.46%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for Australia

Commodity	Price	1D	30D
Iron Ore	101.60 USD/mt	-2.1%	-25.6%
Copper	13,542.82 USD/mt	-0.1%	+62.2%

Recent Statements

Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases | RBA ⚖️ Neutral

2025-12-09

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent."

Payments System Board Update: November 2025 Meeting ⚖️ Neutral

2025-11-26

Statement by the Monetary Policy Board: Monetary Policy Decision ⚖️ Neutral

2025-11-04

⚡ Rate

↑0 ↓0 →2

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent."

⚡ Rate Holdmp_interest_rate

"With private demand recovering and labour market conditions still appearing a little tight, the Board decided that it was appropriate to maintain the cash rate at its current level at this meeting."

Statement by the Monetary Policy Board: Monetary Policy Decision ⚖️ Neutral

2025-09-30

⚡ Rate

↑0 ↓0 →2

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent."

⚡ Rate Holdmp_interest_rate

"With signs that private demand is recovering, indications that inflation may be persistent in some areas and labour market conditions overall remaining stable, the Board decided that it was appropriate to maintain the cash rate at its current level at this meeting."

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