RBA Updates

The Reserve Bank of Australia (RBA) Monetary Policy Board kept the cash rate unchanged at 4.35% at the June meeting, in line with market expectations. The decision was unanimous.

The RBA Monetary Policy Board increased the cash rate by 25bps to 4.35% at its May meeting. The decision, which was in line with the market expectations, took the cash rate back to the peak of the previous tightening cycle from 2023-24.

At its meeting today, the RBA Monetary Policy Board decided to increase the cash rate target by 25 basis points to 4.10%. The vote was split, with five Board members voting for a rate hike and four voting against. The split was on the timing of the decision, not the direction.

The RBA Monetary Policy Board increased the cash rate target by 25 basis points to 3.85% at its meeting today.

The RBA kept the cash rate target unchanged at 3.60% at the December meeting, in line with market expectations. At the press conference, RBA Governor Michele Bullock went further said the RBA is now considering either a prolonged pause or a rate increase.

As expected, the RBA Monetary Policy Board kept interest rates unchanged at its November meeting, leaving the cash rate target at 3.60%; a rate cut was not considered at the meeting.