03/11/2026
RBA Raises Cash Rate to 4.85%
The RBA has increased the cash rate by 0.25% to 4.85%, as inflation remains stubbornly high. Not good news for most households today.
Key points:
- Inflation is now expected to remain elevated until late 2027.
- Rising fuel prices, business costs and global uncertainty are adding pressure.
- Higher interest rates are slowing the economy, with falling property prices and rising unemployment.
- Further rate increases remain possible.
- The decision was split, with six members voting to increase rates and three voting to hold.
For borrowers: Higher repayments and reduced borrowing capacity remain concerns, making it a good time to review existing home loans and explore available options.
Touch base with our team for a quick review — we’ll show you what’s possible.
