The RBA cash rate target

RBA cash rate target · Reserve Bank of Australia · 10 November 2026

The RBA cash rate target 4.85% on 10 November 2026.

Next release · Tue 8 Dec 2026, 14:30 AEDT · RBA cash rate decision · Next RBA meeting

10 November 2026 as published
4.85%α
1990 – 2026 · daily9342 obs
RBA cash rate target, latest 4.85% at 10 November 2026
median 4.75% as published

RBA decisions, votes and the road to the next meeting

What the numbers say

The RBA cash rate target was 4.85% on 4 November 2026, up 0.25 percentage points since 2 November 2026, when it was 4.60%. That is the highest since 2 December 2008. The latest value is 9.15 percentage points below the peak of 14.00% on 2 August 1990. The low was 0.10% on 4 November 2020, the lowest since the series began on 2 August 1990. The Reserve Bank of Australia publishes this daily series, which runs from 2 August 1990.

What is the RBA cash rate?

The RBA cash rate target was 4.85% on 4 November 2026. That is up 0.25 percentage points since 2 November 2026 and the highest since 2 December 2008.

When did the RBA cash rate last change?

The RBA cash rate target last changed on 4 November 2026, when it moved to 4.85%. That was up 0.25 percentage points since 2 November 2026.

What was the cash rate before the last change?

The RBA cash rate target was 4.60% on 2 November 2026, before the change on 4 November 2026. The move to 4.85% was up 0.25 percentage points since 2 November 2026.

What is the highest the cash rate has been since the series began in 1990?

The RBA cash rate target's peak was 14.00% on 2 August 1990, the first day of this series. The latest value of 4.85% on 4 November 2026 is 9.15 percentage points below the peak.

Written from the figures on this page · updated 3 November 2026

Recent days

DateValueStatus
10 November 20264.85% as published
9 November 20264.85% as published
6 November 20264.85% as published
5 November 20264.85% as published
4 November 20264.85% as published
3 November 20264.60% as published
2 November 20264.60% as published
30 October 20264.60% as published

Full series · 9342 days · CSV · JSON

The RBA cash rate target is the interest rate the Reserve Bank of Australia sets as its operational target for overnight unsecured loans between banks in the domestic money market. The Reserve Bank publishes it, and this series records the target on a daily basis, covering each business day from 2 August 1990 through to 10 November 2026, when it stands at 4.85%. The target is announced by the Reserve Bank Board and changes only when the Board decides to change it, so the daily series repeats the prevailing value between decisions.

The target is distinct from the rates banks actually charge their customers, which are set by lenders themselves. Published under CC BY 4.0.

Related

Australia Consumer Price Index, AustraliaAustralia Australian dollar against the US dollarAustralia Unemployment rate, Australia

Source

α
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 11 November 2026. RBA Copyright Notice, section 4.
γ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 10 November 2026. RBA Copyright Notice, section 4.
δ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 9 November 2026. RBA Copyright Notice, section 4.
ε
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 6 November 2026. RBA Copyright Notice, section 4.
ζ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 3 November 2026. RBA Copyright Notice, section 4.
η
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 4 November 2026. RBA Copyright Notice, section 4.
θ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 2 November 2026. RBA Copyright Notice, section 4.
ι
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 30 October 2026. RBA Copyright Notice, section 4.
κ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 29 October 2026. RBA Copyright Notice, section 4.
λ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 28 October 2026. RBA Copyright Notice, section 4.
μ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 27 October 2026. RBA Copyright Notice, section 4.
ν
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 26 October 2026. RBA Copyright Notice, section 4.
ξ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 23 October 2026. RBA Copyright Notice, section 4.
ο
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 22 October 2026. RBA Copyright Notice, section 4.
π
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 21 October 2026. RBA Copyright Notice, section 4.
ρ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 20 October 2026. RBA Copyright Notice, section 4.
σ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 19 October 2026. RBA Copyright Notice, section 4.
τ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 16 October 2026. RBA Copyright Notice, section 4.
υ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 15 October 2026. RBA Copyright Notice, section 4.
φ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 14 October 2026. RBA Copyright Notice, section 4.
χ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 13 October 2026. RBA Copyright Notice, section 4.
ψ
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 12 October 2026. RBA Copyright Notice, section 4.
ω
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 9 October 2026. RBA Copyright Notice, section 4.
ω2
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 8 October 2026. RBA Copyright Notice, section 4.
ω3
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 7 October 2026. RBA Copyright Notice, section 4.
ω4
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 6 October 2026. RBA Copyright Notice, section 4.
ω5
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 2 October 2026. RBA Copyright Notice, section 4.
ω6
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 30 September 2026. RBA Copyright Notice, section 4.
ω7
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 29 September 2026. RBA Copyright Notice, section 4.
ω8
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 28 September 2026. RBA Copyright Notice, section 4.
ω9
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 25 September 2026. RBA Copyright Notice, section 4.
ω10
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 24 September 2026. RBA Copyright Notice, section 4.
ω11
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 23 September 2026. RBA Copyright Notice, section 4.
ω12
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 22 September 2026. RBA Copyright Notice, section 4.
ω13
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 21 September 2026. RBA Copyright Notice, section 4.
ω14
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 18 September 2026. RBA Copyright Notice, section 4.
ω15
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 17 September 2026. RBA Copyright Notice, section 4.
ω16
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 16 September 2026. RBA Copyright Notice, section 4.
ω17
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 15 September 2026. RBA Copyright Notice, section 4.
ω18
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 14 September 2026. RBA Copyright Notice, section 4.
ω19
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 11 September 2026. RBA Copyright Notice, section 4.
ω20
Source: Reserve Bank of Australia 2026, RBA decisions, minutes, SoMP, retrieved 9 September 2026. RBA Copyright Notice, section 4.
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