RBA Cash Rate Tracker
Get the latest updates on the Reserve Bank of Australia’s cash rate decisions and explore how these changes shape the economy, inflation, and lending rates.
Historical Rate Trend
RBA Cash Rate Target over time
Previous RBA Cash Rate Target4.10%
The ultimate guide to RBA cash rate changes
This page tracks the latest RBA decisions, economic indicators driving policy, and how banks are responding to rate changes.
- The RBA hiked the cash rate at its May 2026 meeting. The current cash rate is 4.35%.
- The RBA uses the cash rate to manage inflation within its 2–3% target, and reviews it eight times a year.
- A 25 basis point hike can increase monthly repayments by around $100 on a $600,000 variable loan.
- The next decision is due on 16 Jun 2026.
How much more will you pay after the RBA rate hike?
Ask Bheja, your AI mortgage copilot, how the latest RBA cash rate increase affects your home loan. Enter your loan details to instantly see the impact on your repayments.
Economic Snapshot
The monthly jump in March shows inflation is gaining speed a...
The main point is that core inflation is not falling yet - i...
The economy is growing, but only gently. A move from 0.5% to...
Unemployment has edged up and then levelled off at 4.3%, whi...
House prices are still moving up steadily, and that keeps pr...
Wages have cooled from last year but are still running a bit...
Recent Bank Rate Changes
61 banks raised rates on 3,476 products in the last 30 days
| Bank | Max Hike | Products |
|---|---|---|
| Bank of Sydney | +0.50% | 22 |
| Bendigo Bank | +0.40% | 155 |
| IMB Bank | +0.30% | 18 |
Explore RBA Cash Rate
How It Works
Learn how the RBA sets rates and how changes flow through to your mortgage
Economic Indicators
Key data the RBA monitors including inflation, unemployment, and GDP
Bank Responses
Track which lenders have raised or cut rates in response to RBA decisions
Impact Calculator
Calculate how rate changes affect your monthly repayments
Rate History
Complete history of RBA decisions from 1990 to today
Home Loan Market Snapshot
Real-time insights from thousands of Australian home loan products
Updated: 9 May 2026, 08:33 pm
Average Variable Rate
6.63%
Owner Occupied P&I
Average Fixed Rate
6.77%
3-year fixed
Best Available Rate
5.24%
Variable • Owner Occupied
Total Products
7,179
Available in market
Most Competitive Lenders
Big 4 Banks Average
6.85%
Market Average
6.72%
Online Lenders Average
6.28%
First Option Bank
24 products
From
5.24%
Avg
5.61%
SWSbank
13 products
From
5.35%
Avg
5.90%
Unloan
4 products
From
5.69%
Avg
5.91%
Fire Service Credit Union
5 products
From
5.64%
Avg
5.97%
bankWAW
30 products
From
5.54%
Avg
6.09%
Rate Comparison by Category
Variable vs Fixed
2,488 products
4,691 products
Owner Occupied vs Investment
3,590 products
3,589 products
Principal & Interest vs Interest Only
4,145 products
3,034 products
Market Features Overview
Products with Offset Account
Products with Cashback Offers
Average Cashback Amount
Products with No Fees
(No monthly, annual, or ongoing fees)
Data sourced from 7,179 home loan products
Analysis based on products supporting minimum $300K loan amounts over 25-year terms
How’s your rate holding up?
Interest rates move. Your home loan should, too.
Instead of guessing what to do after every RBA rate change, perform a quick Home Loan Health Check and see if your current deal still makes sense.
Ask Bheja to:
- Check if you’re overpaying on your current rate
- Compare your loan with the latest RBA cash rate impact
- Estimate potential savings from refinancing
- Discover if fixing or splitting could improve flexibility
It only takes a minute to find out if your home loan is still working for you.
Frequently Asked Questions
The RBA Cash Rate is the official interest rate target set by the Reserve Bank of Australia for overnight loans between banks. It serves as the primary tool for the RBA to implement monetary policy and influence economic activity, inflation, and employment levels across Australia.
Pravin Mahajan
Founder @ Bheja.ai | Mortgage Broker | Ex-CTO RateCity & CIMET
Pravin Mahajan is the Founder of Bheja.ai and an accredited Mortgage Broker (Credit Rep. 570637). Based in Sydney, he sits at the unique intersection of financial regulation and enterprise technology.
With over 30 years of experience, Pravin has architected the consumer platforms that millions of Australians rely on for daily financial and purchasing decisions. His career is defined by building high-scale systems that simplify complex choices:
- RateCity (Acquired by Canstar): As Chief Product & Technology Officer, Pravin led the tech transformation that culminated in the company's acquisition. He orchestrated "Australia’s First Home Loan Sale," a digital initiative that reached over 12 million people.
- CIMET: As CPTO, he built enterprise-grade infrastructure for energy and broadband comparison, scaling operations to support major B2B partners.
- Salmat (Lasoo): He architected digital catalogue systems used by 5.7 million monthly users, digitising the retail experience for brands like Target and Myer.
- Woolworths: Designed the real-time, secure "Pay at Pump" transaction infrastructure deployed Australia-wide.
Today, at Bheja.ai, Pravin combines this deep technical background with his Certificate IV in Finance and Mortgage Broking to build AI agents that don't just compare loans, but help Australians actively secure their financial future.
Mahendra Duddempudi
CTO & Head of Research
Mahendra Duddempudi is the CTO, Founder, and Head of Research at Bheja.ai. With 15+ years in software architecture, data engineering, and analytics, he combines technology and research to simplify complex topics in property, home loans, and finance. His work focuses on using AI, natural language search, and data-driven insights to make financial decisions clearer and more accessible for Australians.
