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.