At its latest meeting, the Reserve Bank Board announced it was increasing the cash rate to 4.10 per cent.
The Board observed that while inflation has fallen substantially since its peak in 2022, it picked up materially in the second half of 2025. Information since the February meeting suggests that some of the increase in inflation reflects greater capacity pressures.
The conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation. As a result, the Board judged that there is a material risk that inflation will remain above target for longer than previously anticipated.
Please click here to view the Statement by the Monetary Policy Board: Monetary Policy Decision.
We’re watching closely what the banks do with their rates, as some of Australia’s biggest lenders may make changes to their rates.
Please get in touch if you would like to discuss recent rate movements or if you would like to review your finance options.