View a succinct summary of the most recent monetary policy decisions from the Reserve Bank of Australia’s Board, including decisions on the cash rate, a comprehensive summary and analysis of the RBA’s justification, as well as market impacts.
- 06 Aug 2024 RBA Update August 2024
The Reserve Bank of Australia (RBA) Board kept interest rates unchanged at the August meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations.
- 18 Jun 2024 RBA Update June 2024
The Reserve Bank of Australia (RBA) Board kept interest rates unchanged at the June meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations.
- 07 May 2024 RBA Update May 2024
The Reserve Bank of Australia (RBA) Board kept interest rates unchanged at the May meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations.
- 19 Mar 2024 RBA Update March 2024
The RBA kept interest rates unchanged at the March meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations. The RBA has also watered down but not entirely abandoned the tightening bias, moving closer to a neutral tone.
- 06 Feb 2024 RBA Update February 2024
The RBA Board kept interest rates unchanged at the February meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations. In the post-meeting statement, RBA Governor Michele Bullock stressed that further rises in rates ‘cannot be ruled out’.
- 05 Dec 2023 RBA Update - December 2023
The Reserve Bank of Australia Board kept interest rates unchanged today, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations.