Real-time Reserve Bank of Australia cash rate monitoring, meeting schedules, and mortgage impact analysis.
| Metric | Value | Last Change |
|---|---|---|
| -------- | ------- | ------------- |
| RBA Cash Rate | 4.10% | Dec 2024 (-25bp) |
| CPI (Annual) | 2.8% | Q4 2024 |
| RBA Target | 2-3% | Inflation target band |
> ⚠️ Rates change. Always verify at rba.gov.au
The RBA Board meets 8 times per year to decide the cash rate.
| # | Date | Day |
|---|---|---|
| --- | ------ | ----- |
| 1 | 18 February 2026 | Tuesday |
| 2 | 1 April 2026 | Wednesday |
| 3 | 20 May 2026 | Wednesday |
| 4 | 1 July 2026 | Wednesday |
| 5 | 12 August 2026 | Wednesday |
| 6 | 23 September 2026 | Wednesday |
| 7 | 4 November 2026 | Wednesday |
| 8 | 9 December 2026 | Wednesday |
Decision announcement: 2:30 PM AEDT/AEST on meeting day
Official calendar: RBA Monetary Policy Meetings
M = P × [r(1+r)^n] / [(1+r)^n – 1]
Where:
- P = Principal (loan amount)
- r = Monthly rate (annual rate ÷ 12 ÷ 100)
- n = Total months (years × 12)
| Rate | Monthly P&I | vs 4.10% |
|---|---|---|
| ------ | ------------- | ---------- |
| 3.60% | $2,272 | -$160/mo |
| 3.85% | $2,343 | -$89/mo |
| 4.10% | $2,416 | — |
| 4.35% | $2,490 | +$74/mo |
| 4.60% | $2,565 | +$149/mo |
| 5.00% | $2,684 | +$268/mo |
| 6.00% | $2,998 | +$582/mo |
$500,000 loan → ~$75/month difference
$750,000 loan → ~$112/month difference
$1,000,000 loan → ~$150/month difference
Consumer Price Index measures the average change in prices paid by households for goods and services.
| Quarter | Annual % | Trend |
|---|---|---|
| --------- | ---------- | ------- |
| Q4 2024 | 2.8% | ↓ |
| Q3 2024 | 2.9% | ↓ |
| Q2 2024 | 3.4% | ↓ |
| Q1 2024 | 3.8% | ↓ |
Data source: ABS CPI
| Date | Rate | Change |
|---|---|---|
| ------ | ------ | -------- |
| Dec 2024 | 4.10% | -0.25% |
| Nov 2023 | 4.35% | +0.25% |
| Jun 2023 | 4.10% | +0.25% |
| May 2023 | 3.85% | +0.25% |
| Mar 2023 | 3.60% | +0.25% |
| Nov 2020 | 0.10% | -0.15% (COVID low) |
Full history: RBA Cash Rate Target
| Type | Pros | Cons |
|---|---|---|
| ------ | ------ | ------ |
| Variable | Benefits from rate cuts; Flexible (extra repayments, offset) | Exposed to rate rises |
| Fixed | Certainty; Protection from rises | Misses out on cuts; Break costs; Limited flexibility |
| Product | Range |
|---|---|
| --------- | ------- |
| Variable (owner-occupied, P&I) | 5.80% – 6.50% |
| 2-year Fixed | 5.50% – 6.20% |
| 3-year Fixed | 5.40% – 6.00% |
> Rates vary by lender, LVR, and loan features. Compare at canstar.com.au
Set up reminders for RBA meetings:
"Remind me the day before each RBA meeting"
"Alert me when RBA changes the cash rate"
"Notify me when CPI data is released"
CPI release schedule: Quarterly (late Jan, Apr, Jul, Oct)
This skill provides general information only. Interest rates, economic data, and policies change frequently. Always verify current rates with official sources (RBA, ABS) and consult a qualified mortgage broker or financial advisor before making financial decisions.
Built by Oney & Co — Australian lending insights, simplified.
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