Market Updates

RBA Updates

The most recent monetary policy decisions from the Reserve Bank of Australia's Board.

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.

  • 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.

  • 07 Nov 2023 RBA Update - November 2023

    The RBA Board decided to raise interest rates by 25 basis points, increasing the cash rate to 4.35% and the interest rate on Exchange Settlement balances to 4.25%. The decision was in line with market expectations, with the futures market pricing in a 70% probability of a 25bps hike prior to the meeting.

  • 03 Oct 2023 RBA Update - October 2023

    At the first meeting chaired by Governor Michele Bullock, the Reserve Bank of Australia (RBA) Board kept interest rates on hold. The cash rate target remains at 4.10% and the interest rate on Exchange Settlement balances at 4.00%. The decision was in line with cash rate futures pricing for no change.

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