- Home
- RBA
RBA Interest Rate Decision
The Monetary Policy Board sets the cash rate target. The next decision is on Tuesday, November 3, 2026 at 2:30 PM Sydney.
RBA interest rate decision on Nov 3, 2026
Reserve Bank of Australia · Monetary Policy Board
- Sydney
- Tue, Nov 3 · 2:30 PM Sydney
- New York
- Mon, Nov 2 · 10:30 PM EST
- London
- Tue, Nov 3 · 3:30 AM London
- UTC
- Tue, Nov 3 · 3:30 AM UTC
- Your time
- 3:30 AM UTC
- Press conference
- 3:30 PM Sydney
- Projections
- No projections this time
- Expected
- No consensus yet
Where to look, not a promise: most days one of the two plays and some days neither does. Levels from real 15-minute candles.
How AUD/USD reacts to the RBA decision
Measured on one-minute candles, every decision since January 2025, the same way each time. How we measure.
In 8 of 14 measured RBA decisions the first spike closed back inside the hour-before range within 60 minutes, and in 7 of those price then took the other side within four hours. In the other 6 (43%) the first move held. The median move in the first 15 minutes was 20 pips.
| Date | Decision | Against expected | Hour before | First side | Closed back | After 60 min |
|---|---|---|---|---|---|---|
| Sep 29, 2026 | ▲ hike 4.60% | as expected | 8.1 pips | ▲ 13 pips | 10 min | +10 pips |
| Aug 11, 2026 | ■ hold 4.35% | as expected | 4.4 pips | ▼ 18 pips | No | −18 pips |
| Jun 16, 2026 | ■ hold 4.35% | as expected | 15 pips | ▼ 0.4 pips | 5 min | −0.7 pips |
| May 5, 2026 | ▲ hike 4.35% | as expected | 7.0 pips | ▲ 11 pips | 30 min | −14 pips |
| Mar 17, 2026 | ▲ hike 4.10% | as expected | 11 pips | ▼ 26 pips | No | −22 pips |
| Feb 3, 2026 | ▲ hike 3.85% | as expected | 10 pips | ▲ 66 pips | No | +56 pips |
| Dec 9, 2025 | ■ hold 3.60% | as expected | 6.9 pips | ▼ 15 pips | 25 min | +3.7 pips |
| Nov 4, 2025 | ■ hold 3.60% | as expected | 13 pips | ▲ 0.3 pips | 5 min | −2.2 pips |
| Sep 30, 2025 | ■ hold 3.60% | as expected | 11 pips | ▲ 14 pips | No | +20 pips |
| Aug 12, 2025 | ▼ cut 3.60% | as expected | 13 pips | ▼ 12 pips | 20 min | −13 pips |
| Jul 8, 2025 | ■ hold 3.85% | 25 bp more hawkish than expected | 8.6 pips | ▲ 39 pips | No | +30 pips |
| May 20, 2025 | ▼ cut 3.85% | as expected | 8.8 pips | ▼ 18 pips | No | −5.9 pips |
| Apr 1, 2025 | ■ hold 4.10% | as expected | 4.4 pips | ▲ 9.0 pips | 10 min | +1.1 pips |
| Feb 18, 2025 | ▼ cut 4.10% | as expected | 8.6 pips | ▼ 7.7 pips | 5 min | −2.1 pips |
Counts include the decisions where the first spike did not close back. Up and down are the pair AUD/USD. Past reactions describe what happened; they are not a forecast.
RBA rate decisions since 2024
Every RBA decision on the cash rate target since 2024, newest first. Between 3.60% and 4.60% over the period. The full RBA rate history since 2008 has every decision, the cycles and a CSV.
| Date | Decision | Rate | Expected | Previous | Change |
|---|---|---|---|---|---|
| Sep 29, 2026 | ▲ hike | 4.60% | Hike 25 bp to 4.60% | 4.35% | +25 bp |
| Aug 11, 2026 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Jun 16, 2026 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| May 5, 2026 | ▲ hike | 4.35% | Hike 25 bp to 4.35% | 4.10% | +25 bp |
| Mar 17, 2026 | ▲ hike | 4.10% | Hike 25 bp to 4.10% | 3.85% | +25 bp |
| Feb 3, 2026 | ▲ hike | 3.85% | Hike 25 bp to 3.85% | 3.60% | +25 bp |
| Dec 9, 2025 | ■ hold | 3.60% | Hold at 3.60% | 3.60% | 0 bp |
| Nov 4, 2025 | ■ hold | 3.60% | Hold at 3.60% | 3.60% | 0 bp |
| Sep 30, 2025 | ■ hold | 3.60% | Hold at 3.60% | 3.60% | 0 bp |
| Aug 12, 2025 | ▼ cut | 3.60% | Cut 25 bp to 3.60% | 3.85% | −25 bp |
| Jul 8, 2025 | ■ hold | 3.85% | Cut 25 bp to 3.60% | 3.85% | 0 bp |
| May 20, 2025 | ▼ cut | 3.85% | Cut 25 bp to 3.85% | 4.10% | −25 bp |
| Apr 1, 2025 | ■ hold | 4.10% | Hold at 4.10% | 4.10% | 0 bp |
| Feb 18, 2025 | ▼ cut | 4.10% | Cut 25 bp to 4.10% | 4.35% | −25 bp |
| Dec 10, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Nov 5, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Sep 24, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Aug 6, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Jun 18, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| May 7, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Mar 19, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
| Feb 6, 2024 | ■ hold | 4.35% | Hold at 4.35% | 4.35% | 0 bp |
How the Monetary Policy Board decides
Reserve Bank of Australia · Australia
- Meetings
- Eight two-day meetings a year.
- Announcement
- The decision is published at 2:30 pm Sydney time.
- Press conference
- The Governor's press conference follows at 3:30 pm.
- Projections
- In February, May, August and November the decision comes with the Statement on Monetary Policy.
- Who votes
- The Monetary Policy Board: the Governor, the Deputy Governor, the Secretary to the Treasury and six external members. Since 2025 each member's vote is published without names.
Check times against the bank's own calendar.
- The decision against what was expected.
- The unattributed vote: a split decision says the next move is in play.
- The forecasts on Statement on Monetary Policy months.
- The Governor's press conference an hour after the decision.
Which way AUD/USD moves. AUD is the first currency in AUD/USD, so a hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push AUD/USD up, and a dovish one to push it down.
RBA meeting dates 2026 and 2027
Every upcoming RBA interest rate decision. Times in Sydney and New York; your own time is on each decision's page. By year: RBA meeting dates 2025 · RBA meeting dates 2026 · RBA meeting dates 2027.
| Date | Sydney time | New York | Expected | With projections | |
|---|---|---|---|---|---|
| Tue, Nov 3, 2026 | 2:30 PM Sydney | Mon, Nov 2 · 10:30 PM EST | Not yet | — | Preview → |
| Tue, Dec 8, 2026 | 2:30 PM Sydney | Mon, Dec 7 · 10:30 PM EST | Not yet | — | Preview → |
| Tue, Feb 9, 2027 | 2:30 PM Sydney | Mon, Feb 8 · 10:30 PM EST | Not yet | — | |
| Tue, Mar 23, 2027 | 2:30 PM Sydney | Mon, Mar 22 · 11:30 PM EDT | Not yet | — | |
| Tue, May 4, 2027 | 2:30 PM Sydney | Tue, May 4 · 12:30 AM EDT | Not yet | — | |
| Tue, Jun 22, 2027 | 2:30 PM Sydney | Tue, Jun 22 · 12:30 AM EDT | Not yet | — | |
| Tue, Aug 10, 2027 | 2:30 PM Sydney | Tue, Aug 10 · 12:30 AM EDT | Not yet | — | |
| Tue, Sep 28, 2027 | 2:30 PM Sydney | Tue, Sep 28 · 12:30 AM EDT | Not yet | — | |
| Tue, Nov 2, 2027 | 2:30 PM Sydney | Mon, Nov 1 · 11:30 PM EDT | Not yet | — | |
| Tue, Dec 14, 2027 | 2:30 PM Sydney | Mon, Dec 13 · 10:30 PM EST | Not yet | — |
RBA interest rate decision: questions
What time is the RBA interest rate decision?
2:30 pm Sydney time, with the Governor's press conference at 3:30 pm.
When is the next RBA meeting?
The next RBA interest rate decision is on Tuesday, November 3, 2026 at 2:30 PM Sydney, with the press conference at 3:30 PM Sydney. Times are in Sydney time; the meeting dates below give the rest of the schedule.
What is the RBA interest rate now?
The cash rate target is 4.60%. The last change was an increase of 25 bp on Sep 29, 2026.
How does the RBA decision move AUD/USD?
In 8 of 14 measured RBA decisions the first spike closed back inside the hour-before range within 60 minutes, and in 7 of those price then took the other side within four hours. In the other 6 (43%) the first move held. The median move in the first 15 minutes was 20 pips. AUD is the first currency in AUD/USD, so a hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push AUD/USD up, and a dovish one to push it down. Past reactions describe what happened, not what will.
Learn the read behind every projection.
Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way.