04/11/2025
Cash Rate Update: November 2025
As widely expected, the Reserve Bank of Australia (RBA) has again held the official cash rate at 3.60%.
Most economists and market analysts anticipated this outcome, following data showing annual inflation at 3.2% in the September 2025 quarter – the upper end of the RBA’s 2-3% target range.
In late October, the ABS released CPI figures showing a solid quarterly rise in prices.
The trimmed mean inflation rate, one of the RBA’s preferred measures, lifted to 3.0%, while headline inflation came in at 3.2% annually.
After rate cuts earlier in 2025, the latest figures – combined with a still-tight labour market – suggest the RBA will keep policy “sufficiently restrictive” to guide inflation back within target.
In its statement, the RBA said: “Financial conditions have eased since the beginning of the year, but it will take some time to see the full effects of earlier cash rate reductions. Given this, and the recent evidence of more persistent inflation, the Board judged that it was appropriate to remain cautious, updating its view of the outlook as the data evolve.”
What this means for you
With rates on hold, now’s a good time to review your mortgage:
• Is your rate still competitive?
• Could refinancing free up cash flow?
• Are you prepared if rates shift later this year?
Let’s chat if you’d like to make sure your loan is still working for you.
