Australia Interest Rates

The RBA cash rate, mortgage rates and credit card rates, from the Reserve Bank of Australia.

The RBA cash rate is 4.60%. The RBA last raised it in Nov 2026, by 0.25 percentage points.

Standard variable mortgage
8.77%
Valid: Sep 2026
Discounted variable mortgage
6.80%
Valid: Sep 2026
3-year fixed mortgage
7.02%
Valid: Sep 2026

Valid: Nov 2026 · Source: Reserve Bank of Australia, Statistical Tables A2, F1 and F5.

Cash rate since 2011

The RBA's cash rate target at the end of each month. Hover for the exact rate.

Cash rate target, monthly Valid: Jan 2011 to Nov 2026 Source: RBA Statistical Table F1. Cash Rate Target (% p.a.), monthly last reading.

Mortgage and lending rates, last five years

Indicator lending rates for owner-occupier (OO) and investor loans.

Indicator lending rates, monthly Valid: Nov 2021 to Sep 2026 Source: RBA Statistical Table F5. Indicator Lending Rates.
Var Discounted OO 3yr Fixed OO Investor Variable Std Variable OO

Current rate comparison

The cash rate against the latest mortgage and credit card rates.

Latest rates, % a year Valid: Sep 2026 Source: RBA. Latest available rates.
  1. Cash Rate 4.60%
  2. Disc Variable 6.80%
  3. 3yr Fixed 7.02%
  4. Std Variable 8.77%
  5. Card Low Rate 6.34%
  6. Card Standard 21.24%

Mortgage repayment calculator

How a change in the interest rate changes your repayments.

RBA decision timeline

Each change to the cash rate target, most recent first.

Source: RBA Statistical Table A2. Cash rate decisions with actual changes only.
MonthChange, ptsNew rate
Nov 2026 +0.25to 4.85%
Sep 2026 +0.25to 4.60%
May 2026 +0.25to 4.35%
Mar 2026 +0.25to 4.10%
Feb 2026 +0.25to 3.85%
Aug 2025 −0.25to 3.60%
May 2025 −0.25to 3.85%
Feb 2025 −0.25to 4.10%
Nov 2023 +0.25to 4.35%
Jun 2023 +0.25to 4.10%
May 2023 +0.25to 3.85%
Mar 2023 +0.25to 3.60%
Feb 2023 +0.25to 3.35%
Dec 2022 +0.25to 3.10%
Nov 2022 +0.25to 2.85%