{
  "data": {
    "id": "reserve-bank-of-australia-2026-03-17",
    "bank": "reserve-bank-of-australia",
    "bankName": "Reserve Bank of Australia",
    "country": "AU",
    "date": "2026-03-17",
    "announceAt": "2026-03-17T03:30:00Z",
    "timezone": "Australia/Sydney",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 3.85,
    "step": 0.25,
    "calendarSource": "https://www.rba.gov.au/schedules-events/calendar/",
    "citation": "RBA yearly calendar lists the Monetary Policy Decision Statement media release for 2026-03-17 at 2.30 pm AEDT (UTC+11:00); board meeting schedule 2026 lists the two-day meeting.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.rba.gov.au/media-releases/<YYYY>/mr-<YY>-<NN>.html (sequential media release number, not tied to the date)",
      "foundAt": "https://www.rba.gov.au/statistics/cash-rate/",
      "example": "https://www.rba.gov.au/media-releases/2026/mr-26-27.html",
      "resolvable": false,
      "reads": {
        "right": 0,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-03-17",
      "rateBefore": 3.85,
      "rateAfter": 4.1,
      "direction": "raise",
      "statement": "https://www.rba.gov.au/media-releases/2026/mr-26-08.html",
      "observed": true
    },
    "page": "https://macroindex.org/bank/reserve-bank-of-australia/decision/2026-03-17",
    "account": {
      "summary": "The Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.10%, its second increase of 2026.",
      "vote": "5–4",
      "dissent": "Four members voted to keep the cash rate target at 3.85%.",
      "reasons": [
        "The Board said inflation had risen materially in the second half of 2025 and that capacity pressures were slightly greater than previously assessed, after demand grew more strongly than expected late in the year.",
        "It noted that the labour market had tightened a little, with the unemployment rate somewhat lower than expected.",
        "The Board said sharply higher fuel prices from the conflict in the Middle East could add to inflation if they persisted, and that short-term inflation expectations had already risen."
      ],
      "guidance": "The Board said it would do what it considers necessary to bring inflation back to target.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.rba.gov.au/monetary-policy/rba-board-minutes/2026/2026-03-17.html"
        },
        {
          "label": "Media conference",
          "url": "https://www.rba.gov.au/speeches/2026/mc-gov-2026-03-17.html"
        }
      ],
      "readFrom": [
        "https://www.rba.gov.au/media-releases/2026/mr-26-08.html"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:52:38.735Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}