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RBA Interest Rate Decision, March 2026

The Reserve Bank of Australia raised the cash rate target 25 bp to 4.10% on March 17, 2026, as expected.

Decision4.10%▲ hike +25 bp
Against expectedAs expectedexpected 4.10%
Previous3.85%cash rate target
AUD/USD one hour later −22 pips from the last price before
The result

What the RBA decided in March 2026

The move +25 bp Raised 25 bp to 4.10%, from 3.85%.
Against expected No surprise Economists expected: hike 25 bp to 4.10%. The decision was as expected.
Timing 2:30 PM Sydney Tuesday, March 17, 2026; press conference at 3:30 PM Sydney.
What price did

AUD/USD after the RBA decision, minute by minute

One-minute candles, Sydney time. The box is the hour before the announcement. How we measure.

AUD/USD one-minute chart around the Reserve Bank of Australia decision of Mar 17, 2026 The hour before the 14:30 announcement ranged 11 pips. The first spike went below it by 26 pips, and did not close back inside within the hour. 0.705 0.706 0.707 0.708 0.709 13:30 14:00 14:30 15:00 15:30 16:00 THE HOUR BEFORE RBA 14:30 PRESS CONF. Spike 0.70486 · 26 pips past the hour's low
  1. The hour beforeAUD/USD ranged 11 pips, from 0.70749 to 0.70856, and was at 0.70820 at the announcement.
  2. The first spike After 0 minutes price went through the hour's low and ran 26 pips past it.
  3. The close back No five-minute candle closed back inside the range within the hour: the first move held.
  4. The other side Not measured: it needs a close back first.
  5. The moves From the last price before the announcement: −32 pips at 15 minutes, −22 pips at one hour, −13 pips at four hours.
For context

Across 14 measured RBA decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 8 (57%), and in 7 of those price then took the other side within four hours. In the other 6 the first move held. Median move in the first 15 minutes: 20 pips.

This decision is one where the first move held. Counts include the decisions where it did not close back. All RBA dates · RBA overview.

← Previous decisionRBA, February 2026Raised 25 bp to 3.85% Next decision →RBA, May 2026Tue, May 5, 2:30 PM Sydney
Questions

RBA March 2026 decision: questions

What time was the RBA interest rate decision on Mar 17, 2026?

It was announced at 2:30 PM Sydney (11:30 PM EDT New York, 3:30 AM London London), with the press conference at 3:30 PM Sydney.

What did the RBA decide in March 2026?

Raised 25 bp to 4.10% (previous 3.85%). Economists expected: hike 25 bp to 4.10%, so the decision was as expected.

How did AUD/USD react to the RBA decision in March 2026?

On one-minute candles: the hour before ranged 11 pips; the first spike went below it by 26 pips; it did not close back inside within the hour; after one hour AUD/USD was −22 pips from its pre-announcement price.

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