When is the RBA's next meeting?

The RBA's next decision is due on December 8, 2026. The RBA meets 8 times a year to set its rate.

How does the RBA's rate affect the Australian dollar?

A higher rate pays more on Australian dollar deposits and tends to support it against other currencies; a cut does the opposite. What moves the price is not the decision itself but the gap between the decision and what the market expected.

Policy rate · RBA

RBA interest rate: 4.85%

Reserve Bank of Australia (Sydney): current cash rate, next meeting, what the market expects and recent decisions. Updated automatically.

Current rate

4.85%

cash rate

Last move

—

official history unavailable

Next meeting

December 8, 2026

The market mostly expects a hold (100%)

What the market expects for the next meetings

Probabilities derived from short-term interest rate futures.

Meeting	Cut	Hold	Hike	Expected rate
December 8, 2026	0%	100%	0%	4.85%
February 9, 2027	0%	82%	18%	4.89%
March 23, 2027	14%	86%	0%	4.86%
May 4, 2027	4%	96%	0%	4.85%
June 22, 2027	28%	72%	0%	4.78%
August 10, 2027	23%	77%	0%	4.72%

RBA rate, in plain English

The cash rate is the main tool of the Reserve Bank of Australia. The RBA sets it 8 times a year to steer inflation and growth: raising it cools the economy and inflation, cutting it stimulates them.

The RBA's decisions are among the releases that move the Australian dollar the most: before opening a position on a AUD pair, it helps to know when the next meeting is and what the market expects from it.

FAQ

What is the RBA's interest rate today?: The RBA's cash rate is 4.85%.
When is the RBA's next meeting?: The RBA's next decision is due on December 8, 2026. The RBA meets 8 times a year to set its rate.
How does the RBA's rate affect the Australian dollar?: A higher rate pays more on Australian dollar deposits and tends to support it against other currencies; a cut does the opposite. What moves the price is not the decision itself but the gap between the decision and what the market expected.

Other central banks

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Official sources: FRED (Federal Reserve Bank of St. Louis), ECB, Bank of England, Bank of Canada, Eurostat. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.