RBA Cash Rate

Next RBA meeting: 3rd December 2019
Cash rate held
0.75%
On Tuesday 5th November 2019

RateCity Rate Tracker

Don’t sit around waiting for an email or a letter from your bank letting you know they’ve moved – our Rate Tracker page is updated as new rates are announced. No time to check the website? Stay up to date with the latest RBA news by signing up to RateCity’s Rate Tracker email alerts, so you can be the first to know if your bank has changed their mortgage rates.
Company
Rate change
Date effective
View More
Rate change
-0.20%
Lowest variable rate 2.69%
Date effective
01 Oct 2019
Rate change
-0.25%
Lowest variable rate 2.74%
Date effective
01 Oct 2019
Rate change
-0.25%
Lowest variable rate 2.84%
Date effective
01 Oct 2019
Rate change
-0.25%
Lowest variable rate 2.79%
Date effective
02 Oct 2019
Rate change
-0.25%
Lowest variable rate 3.24%
Date effective
03 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.25%
Date effective
04 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.25%
Date effective
04 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.24%
Date effective
08 Oct 2019
Rate change
-0.15%
Lowest variable rate 2.79%
Date effective
08 Oct 2019
Rate change
-0.15%
Lowest variable rate 2.84%
Date effective
08 Oct 2019
Rate change
-0.14%
Lowest variable rate 3.24%
Date effective
11 Oct 2019
Enquire Now
Rate change
-0.15%
Lowest variable rate 3.20%
Date effective
11 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.14%
Date effective
14 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.23%
Date effective
14 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.73%
Date effective
14 Oct 2019
Rate change
-0.07%
Lowest variable rate 3.18%
Date effective
14 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.14%
Date effective
15 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.07%
Date effective
15 Oct 2019
View Now
Rate change
-0.15%
Lowest variable rate 3.13%
Date effective
15 Oct 2019
Rate change
-0.14%
Lowest variable rate 3.33%
Date effective
15 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.14%
Date effective
15 Oct 2019
Rate change
-0.16%
Lowest variable rate 3.47%
Date effective
15 Oct 2019
Rate change
-0.15%
Lowest variable rate 2.82%
Date effective
15 Oct 2019
Rate change
-0.15%
Lowest variable rate 2.99%
Date effective
16 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.09%
Date effective
16 Oct 2019
Rate change
-0.13%
Lowest variable rate 3.30%
Date effective
16 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.23%
Date effective
16 Oct 2019
Enquire Now
Rate change
-0.15%
Lowest variable rate 3.09%
Date effective
16 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.09%
Date effective
16 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.86%
Date effective
16 Oct 2019
View Now
Rate change
-0.15%
Lowest variable rate 3.09%
Date effective
17 Oct 2019
Rate change
-0.15%
Lowest variable rate 2.88%
Date effective
17 Oct 2019
View Now
Rate change
-0.15%
Lowest variable rate 2.97%
Date effective
18 Oct 2019
Rate change
-0.14%
Lowest variable rate 3.31%
Date effective
18 Oct 2019
View Now
Rate change
-0.15%
Lowest variable rate 3.03%
Date effective
18 Oct 2019
Enquire Now
Rate change
-0.14%
Lowest variable rate 3.20%
Date effective
18 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.65%
Date effective
18 Oct 2019
Rate change
-0.20%
Lowest variable rate 3.09%
Date effective
18 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.02%
Date effective
21 Oct 2019
Rate change
-0.15%
Lowest variable rate 2.99%
Date effective
21 Oct 2019
Rate change
-0.13%
Lowest variable rate 3.19%
Date effective
22 Oct 2019
Rate change
-0.25%
Lowest variable rate 3.25%
Date effective
22 Oct 2019
Rate change
-0.13%
Lowest variable rate 3.22%
Date effective
22 Oct 2019
Rate change
-0.14%
Lowest variable rate 3.15%
Date effective
22 Oct 2019
View Now
Rate change
-0.10%
Lowest variable rate 3.18%
Date effective
22 Oct 2019
Rate change
-0.13%
Lowest variable rate 3.18%
Date effective
22 Oct 2019
Enquire Now
Rate change
-0.15%
Lowest variable rate 2.96%
Date effective
22 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.06%
Date effective
23 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.36%
Date effective
23 Oct 2019
Rate change
-0.25%
Lowest variable rate 2.90%
Date effective
23 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.19%
Date effective
24 Oct 2019
Rate change
-0.10%
Lowest variable rate 3.49%
Date effective
25 Oct 2019
Enquire Now
Rate change
-0.15%
Lowest variable rate 3.09%
Date effective
25 Oct 2019
Rate change
-0.10%
Lowest variable rate 3.32%
Date effective
28 Oct 2019
Rate change
-0.15%
Lowest variable 3.24%
Date effective
29 Oct 2019
View Now
Rate change
-0.13%
Lowest variable rate 3.20%
Date effective
29 Oct 2019
View Now
Rate change
-0.04%
Rate cuts between 0.04% - 0.26%
Date effective
29 Oct 2019
Rate change
-0.25%
Lowest variable rate 2.84%
Date effective
29 Oct 2019
View Now
Rate change
-0.10%
Lowest variable rate 3.47%
Date effective
30 Oct 2019
Rate change
-0.15%
Lowest variable rate 3.03%
Date effective
01 Nov 2019
Rate change
-0.15%
Lowest variable rate 3.19%
Date effective
01 Nov 2019
Rate change
-0.11%
Lowest variable rate 3.19%
Date effective
01 Nov 2019
Rate change
-0.15%
Lowest variable rate 3.75%
Date effective
06 Nov 2019
Rate Alert

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What if the cash rate changes?

Loan Details

Remaining Loan Amount

Remaining Loan Term

Ongoing Interest Rate

Repayment Frequency

Monthly repayments if the cash rate changes:

How an interest rate change might affect you?

If cash rate increases
  • If you have a variable rate, your lender will probably raise your home loan interest rate (although it is allowed to act independently of the Reserve Bank).
  • If you have a fixed rate, your home loan interest rate will remain unchanged for the rest of your fixed-rate term.
If the cash rate holds
  • If you have a variable rate, your lender will probably leave your home loan interest rate unchanged (although it is allowed to act independently of the Reserve Bank).
  • If you have a fixed rate, your home loan interest rate will remain unchanged for the rest of your fixed-rate term.
If the cash rate decreases
  • If you have a variable rate, your lender will probably lower your home loan interest rate (although it is allowed to act independently of the Reserve Bank).
  • If you have a fixed rate, your home loan interest rate will remain unchanged for the rest of your fixed-rate term.

Everything you need to know about the RBA cash rate

Eleven times a year, the Reserve Bank of Australia (RBA) meets to decide whether the cash rate should go up, down or remain the same – a decision which affects millions of Australians.

RateCity’s RBA Rate Tracker Page will help you find out when the RBA has changed rates and how it will affect you, including a comprehensive list of which lenders have moved their home loan interest rates following a change to the cash rate. You can also find out which lenders are offering the most competitive interest rates on the market, learn how to refinance your home loan and keep up-to-date of the latest RBA news.

So don’t sit around waiting for an email or a letter from your bank letting you know they’ve moved – our Rate Tracker page is updated as new rates are announced. The cash rate is the interest rate the Reserve Bank of Australia (RBA) charges banks and other lenders on overnight loans. The RBA cash rate affects the interest rate banks charge their customers, however, because banks get their funding from a variety of sources, it is not the sole determining factor.

The Reserve Bank decides what the national cash rate will be on the first Tuesday of every month, with the exception of January.

Once the RBA has announced the cash rate is moving, lenders will decide whether they intend to replicate this change. Some banks may make this decision immediately, while others can take a couple of days, even weeks to make an announcement. One of the easiest ways to keep track of what each lender is doing is by following RateCity on Facebook, Twitter or on this Rate Tracker page.


Laine Gordon is the Head of Public Relations at RateCity. With a background in journalism, Laine brings over a decade of experience in personal finance to the team. She is passionate about helping people get out of debt, save money, and make better decisions about their own finances.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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