AU RBA Monetary Policy Statement
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions;
- History
| Expected Impact / Date | Description |
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| May 4, 2026 | |
| Feb 2, 2026 | |
| Nov 3, 2025 | |
| Aug 11, 2025 | |
| May 19, 2025 | |
| Feb 17, 2025 | |
| Nov 4, 2024 | |
| Aug 5, 2024 | |
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- AU RBA Monetary Policy Statement News
From rba.gov.au|May 4, 2026Prior to the conflict in the Middle East, inflation in Australia was materially above target, and the economy and labour market were operating with ongoing capacity pressures. GDP growth picked up strongly in the December quarter 2025, as expected, to be above estimates of the potential rate of growth. Labour market outcomes have been broadly as expected recently and conditions remain somewhat tight. The conflict has led to sharp increases in commodity prices, particularly energy, which has pushed inflation higher. This has ...
From cnbc.com|Feb 3, 2026Australia’s central bank raised its policy rate by 25 basis points to 3.85% on Tuesday, marking the Reserve Bank of Australia’s first rate hike since November 2023 as inflation continues to climb. The Reserve Bank of Australia’s move matched expectations from economists polled by Reuters and followed data showing inflation at its highest level in six quarters. The board voted unanimously to lift the cash rate, marking a reversal in direction after delivering three rate cuts in 2025. “Private demand is growing more quickly than ...
From rba.gov.au|Feb 2, 2026|9 commentsAustralian economic growth and inflation have both been stronger than expected compared with six months ago. The recent pick-up in inflation has been broadly based and our assessment is that some of the increase in inflation has been driven by capacity constraints that are proving greater than previously anticipated. Overall, the economy seems to be further from balance than had been assessed last year. Labour market conditions have been broadly steady in recent months and remain a little tight. The inflation outlook has been revised ...
- From rba.gov.au|Nov 3, 2025|2 comments
Australian financial conditions have eased further following the Board’s decision to lower the cash rate in August. Reductions in the cash rate over recent months have passed through to bank funding costs and lending rates, though scheduled mortgage payments remain elevated relative to historical averages. Growth in housing prices and housing credit has picked up further, consistent with the easing in policy this year, and the ratio of household credit to household disposable incomes has stabilised (though is still around 5 ...
From swissmacroandhistory.substack.com|Oct 27, 2025The RBA faces a familiar dilemma: the labour market is weakening faster than inflation is easing. Whether it cuts in November may now hinge on whether the next CPI release justifies moving before the slowdown deepens. The Reserve Bank of Australia heads into its November meeting with a more complicated policy trade-off than earlier in the year. The labour market is now loosening more visibly, while services inflation remains stubborn. Three cuts have already been delivered since February — from 4.4% to 3.6% — and the question has ...
From cnbc.com|Aug 12, 2025Australia’s central bank cut its benchmark lending rates by 25 basis points on Tuesday, while downgrading the annual economic outlook for the country. The Reserve Bank of Australia reduced its economic growth forecast for the year to 1.7% from 2.1%, saying that a weaker-than-expected rise in public demand in early 2025 was unlikely to be offset through the rest of the year. The country’s benchmark rates are now at 3.6%, the lowest since April 2023, and in line with expectations of economists polled by Reuters. The RBA said that ...
- From rba.gov.au|Aug 11, 2025
Inflation has continued to come down and is within our target range of 2–3 per cent. The unemployment rate has increased a little but remains low. We expect the Australian economy to grow over the next year, but uncertainty in the global economy remains high. Over the past few years higher interest rates have slowed demand in the economy, which has helped bring inflation down. Although growth in the economy has slowed, spending by households and businesses has increased by more than expected over recent months. We expect it to ...
From fxempire.com|May 21, 2025Gold (XAUUSD) prices rise after bouncing from strong support, as the US Dollar weakens from key resistance. The decline in the US Dollar Index (DXY) below 100 reflects growing investor concerns about US fiscal health. Last week’s downgrade by Moody’s from AAA to Aa1 added further pressure, highlighting increasing debt risks. As a result, demand for safe-haven assets like gold has strengthened. On the other hand, US Treasury yields (TNX) also rose, with the 10-year yield reaching 4.47%. Rising yields would typically pressure gold ...
| Released on May 4, 2026 |
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| Released on Feb 2, 2026 |
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| Released on Nov 3, 2025 |
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| Released on Aug 11, 2025 |
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| Released on May 19, 2025 |
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