Banks › Reserve Bank of Australia › History › 29 Sept 2026
Reserve Bank of Australia: decision of 29 September 2026
The Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.60%, its fourth increase of 2026.
Decision
raise
- Rate
- 4.35%↑4.60%
- Change
- +25 bp
- Vote
- unanimous
- Announced
- 14:30 Sydney time
Sources
- Statement
- rba.gov.au/media-releases/2026/mr-26-27.…
- Recorded
- 29 Sept 2026
- Data
- JSON
What the bank said
The Board said upside risks to inflation were materialising as the Middle East conflict broadened, with global energy prices well above its August forecasts and higher fuel costs partly passing into other prices.
It noted that capacity pressures remained, firms reported cost pressures and short-term inflation expectations were elevated, while recent growth and inflation data had run above expectations.
The Board judged that further tightening was warranted to return inflation to target within a reasonable period.
Guidance. The Board said it would do what it considers necessary to bring inflation sustainably back to target, including increasing the cash rate target further if needed.
Before and after
- Previous decision: 11 Aug 2026, held the cash rate target at 4.35%.
- Next scheduled meeting: (calendar).
- All Reserve Bank of Australia decisions and the rate history