RBA Interest Rate Decision, May 2026
The Reserve Bank of Australia raised the cash rate target 25 bp to 4.35% on May 5, 2026, as expected.
What the RBA decided in May 2026
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.
- The hour beforeAUD/USD ranged 7.0 pips, from 0.71521 to 0.71591, and was at 0.71580 at the announcement.
- The first spike After 0 minutes price went through the hour's high and ran 11 pips past it.
- The close back A five-minute candle closed back inside the range after 30 minutes.
- The other side Price then traded through the opposite edge of the range within four hours.
- The moves From the last price before the announcement: +5.7 pips at 15 minutes, −14 pips at one hour, +2.5 pips at four hours.
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 of the closed-back cases. Counts include the decisions where it did not close back. All RBA dates · RBA overview.
RBA May 2026 decision: questions
What time was the RBA interest rate decision on May 5, 2026?
It was announced at 2:30 PM Sydney (12:30 AM EDT New York, 5:30 AM London London), with the press conference at 3:30 PM Sydney.
What did the RBA decide in May 2026?
Raised 25 bp to 4.35% (previous 4.10%). Economists expected: hike 25 bp to 4.35%, so the decision was as expected.
How did AUD/USD react to the RBA decision in May 2026?
On one-minute candles: the hour before ranged 7.0 pips; the first spike went above it by 11 pips; a five-minute candle closed back inside after 30 minutes; after one hour AUD/USD was −14 pips from its pre-announcement price.
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