{
  "data": {
    "id": "reserve-bank-of-australia-2026-05-05",
    "bank": "reserve-bank-of-australia",
    "bankName": "Reserve Bank of Australia",
    "country": "AU",
    "date": "2026-05-05",
    "announceAt": "2026-05-05T04:30:00Z",
    "timezone": "Australia/Sydney",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 4.1,
    "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 2026-05-05 at 2.30 pm AEST (UTC+10:00); 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": "2026-05-05",
      "rateBefore": 4.1,
      "rateAfter": 4.35,
      "direction": "raise",
      "statement": "https://www.rba.gov.au/media-releases/2026/mr-26-12.html",
      "observed": true
    },
    "page": "https://macroindex.org/bank/reserve-bank-of-australia/decision/2026-05-05",
    "account": {
      "summary": "The Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.35%, its third increase of 2026.",
      "vote": "8–1",
      "dissent": "One member voted to keep the cash rate target at 4.10%.",
      "reasons": [
        "The Board said the conflict in the Middle East had pushed up fuel and related commodity prices, adding to inflation with possible second-round effects on other goods and services.",
        "It noted that some firms facing cost pressures appeared to be planning price increases and that short-term inflation expectations had risen.",
        "The Board judged that inflation was likely to stay above target for some time and that the risks were tilted to the upside."
      ],
      "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/2026/2026-05-05.html"
        },
        {
          "label": "Media conference",
          "url": "https://www.rba.gov.au/speeches/2026/mc-gov-2026-05-05.html"
        },
        {
          "label": "Statement on Monetary Policy",
          "url": "https://www.rba.gov.au/publications/smp/2026/may/"
        }
      ],
      "readFrom": [
        "https://www.rba.gov.au/media-releases/2026/mr-26-12.html"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:52:04.273Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}