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RBA Interest Rate Decision, November 2025

The Reserve Bank of Australia held the cash rate target at 3.60% on November 4, 2025, as expected.

Decision3.60%■ hold
Against expectedAs expectedexpected 3.60%
Previous3.60%cash rate target
AUD/USD one hour later −2.2 pips from the last price before
The result

What the RBA decided in November 2025

The move Hold Held at 3.60%.
Against expected No surprise Economists expected: hold at 3.60%. The decision was as expected.
Timing 2:30 PM Sydney Tuesday, November 4, 2025; 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 Nov 4, 2025 The hour before the 14:30 announcement ranged 13 pips. The first spike went above it by 0.3 pips, and a five-minute candle closed back inside after 5 minutes. 0.6520 0.6525 0.6530 0.6535 13:30 14:00 14:30 15:00 15:30 16:00 THE HOUR BEFORE RBA 14:30 PRESS CONF. Spike 0.65338 · 0.3 pips past the hour's high Closed back inside · 5 min
  1. The hour beforeAUD/USD ranged 13 pips, from 0.65204 to 0.65335, and was at 0.65334 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 0.3 pips past it.
  3. The close back A five-minute candle closed back inside the range after 5 minutes.
  4. The other side Price then traded through the opposite edge of the range within four hours.
  5. The moves From the last price before the announcement: −9.3 pips at 15 minutes, −2.2 pips at one hour, −20 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 of the closed-back cases. Counts include the decisions where it did not close back. All RBA dates · RBA overview.

← Previous decisionRBA, September 2025Held at 3.60% Next decision →RBA, December 2025Tue, Dec 9, 2:30 PM Sydney
Questions

RBA November 2025 decision: questions

What time was the RBA interest rate decision on Nov 4, 2025?

It was announced at 2:30 PM Sydney (10:30 PM EST New York, 3:30 AM London London), with the press conference at 3:30 PM Sydney.

What did the RBA decide in November 2025?

Held at 3.60% (previous 3.60%). Economists expected: hold at 3.60%, so the decision was as expected.

How did AUD/USD react to the RBA decision in November 2025?

On one-minute candles: the hour before ranged 13 pips; the first spike went above it by 0.3 pips; a five-minute candle closed back inside after 5 minutes; after one hour AUD/USD was −2.2 pips from its pre-announcement price.

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