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Australian banks face profit pressure as rate rises intensify mortgage competition
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Reserve Bank of Australia · cash rate target
Australian cash rate, from the source
4.35% — held on 12 Aug 2026
This is the rate the Reserve Bank sets, not the rate a lender charges you. Everything a borrower pays sits above it, by a margin each lender chooses and revises on its own schedule — which is why the number below matters more than the one on any advertisement.
| Decision date | Change | Cash rate target |
|---|---|---|
| 12 Aug 2026 | no change | 4.35% |
| 17 Jun 2026 | no change | 4.35% |
| 6 May 2026 | +25 bp | 4.35% |
| 18 Mar 2026 | +25 bp | 4.10% |
| 4 Feb 2026 | +25 bp | 3.85% |
| 10 Dec 2025 | no change | 3.60% |
| 5 Nov 2025 | no change | 3.60% |
| 1 Oct 2025 | no change | 3.60% |
Source: Reserve Bank of Australia — Cash Rate Target. Read from the source 17 Aug 2026. Every figure on this page is rebuilt from that page — none of it is typed in by hand. Full decision history ›
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