% per annum - Source frequency: monthly · Methodology · Corrections
Australia's rba cash rate was 4.3% as of May 2026. The long-term trend is broadly stable, though the recent 12-month direction is rising. The Reserve Bank’s target for the overnight cash rate — the interest rate that anchors mortgage and business lending — shown as the monthly average. The cash rate is the RBA’s main lever for managing inflation and demand. Every change flows through to mortgage repayments and the cost of borrowing. Data is sourced from RBA Table F1.1 (FIRMMCRT) and updated monthly.
The Reserve Bank’s target for the overnight cash rate — the interest rate that anchors mortgage and business lending — shown as the monthly average.
The cash rate is the RBA’s main lever for managing inflation and demand. Every change flows through to mortgage repayments and the cost of borrowing.
Context-dependent
Source: RBA Table F1.1 (FIRMMCRT)
GREEN = favourable trend within acceptable band of baseline. AMBER = flat or mild change. RED = unfavourable trend beyond threshold.
This data is sourced programmatically from official statistical APIs and data feeds (RBA Table F1.1 (FIRMMCRT)), updated monthly. Our pipeline fetches the machine-readable version automatically and converts it to the standardised format shown here.
See all sources and methodology on the data sources page.
