RBA Cash Rate

Next RBA meeting: 6th August 2019
Cash rate reduced
1.00%
On Tuesday 2nd July 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
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Rate change
-0.22%
Lowest rate is 2.89%
Date effective
02 Jul 2019
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Rate change
-0.25%
Lowest rate is 2.99%
Date effective
02 Jul 2019
More Info
Rate change
-0.25%
Lowest rate is 3.09%
Date effective
02 Jul 2019
More Info
Rate change
-0.25%
Lowest variable rate will be 3.04%
Date effective
05 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.07%
Date effective
05 Jul 2019
More Info
Rate change
-0.12%
Lowest variable rate will be 3.85%
Date effective
08 Jul 2019
More Info
Rate change
-0.17%
Lowest variable rate will be 3.33%
Date effective
10 Jul 2019
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Rate change
-0.15%
Lowest variable rate will be 3.39%
Date effective
10 Jul 2019
More Info
Rate change
-0.25%
Lowest rate is 3.38%
Date effective
12 Jul 2019
Enquire Now
Rate change
-0.19%
Lowest variable rate will be 3.35%
Date effective
12 Jul 2019
More Info
Rate change
-0.25%
Lowest variable rate will be 3.19%
Date effective
12 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.27%
Date effective
12 Jul 2019
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Rate change
-0.20%
Lowest variable rate will be 4.01%
Date effective
16 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.39%
Date effective
16 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.39%
Date effective
16 Jul 2019
More Info
Rate change
-0.15%
Lowest variable rate will be 3.28%
Date effective
16 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.38%
Date effective
16 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.58%
Date effective
16 Jul 2019
More Info
Rate change
-0.15%
Lowest variable rate will be 3.48%
Date effective
16 Jul 2019
More Info
Rate change
-0.19%
Lowest variable rate will be 3.51%
Date effective
17 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.24%
Date effective
18 Jul 2019
Enquire Now
Rate change
-0.20%
Lowest variable rate will be 3.14%
Date effective
18 Jul 2019
More Info
Rate change
-0.20%
Rates lowered by up to 0.20%
Date effective
18 Jul 2019
More Info
Rate change
-0.15%
Lowest variable rate will be 3.42%
Date effective
18 Jul 2019
View Now
Rate change
-0.19%
Rates lowered by up to 0.19%
Date effective
19 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.47%
Date effective
19 Jul 2019
More Info
Rate change
-0.20%
Rates lowered by up to 0.20%
Date effective
19 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.29%
Date effective
22 Jul 2019
More Info
Rate change
-0.16%
Lowest variable rate will be 3.28%
Date effective
22 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.27%
Date effective
22 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 4.47%
Date effective
22 Jul 2019
More Info
Rate change
-0.19%
Lowest variable rate will be 3.50%
Date effective
23 Jul 2019
More Info
Rate change
-0.15%
Lowest variable rate will be 3.59%
Date effective
23 Jul 2019
Enquire Now
Rate change
-0.17%
Lowest variable rate will be 3.47%
Date effective
23 Jul 2019
View Now
Rate change
-0.19%
Lowest variable rate will be 3.70%
Date effective
23 Jul 2019
More Info
Rate change
-0.19%
Lowest rate is 3.35%
Date effective
23 Jul 2019
More Info
Rate change
-0.15%
Lowest variable rate will be 3.39%
Date effective
23 Jul 2019
More Info
Rate change
-0.15%
Lowest variable rate will be 3.41%
Date effective
23 Jul 2019
Enquire Now
Rate change
-0.15%
Lowest variable rate will be 3.34%
Date effective
23 Jul 2019
More Info
Rate change
-0.18%
Lowest variable rate will be 3.21%
Date effective
23 Jul 2019
More Info
Rate change
-0.19%
Lowest variable rate will be 3.11%
Date effective
23 Jul 2019
More Info
Rate change
-0.25%
Rates lowered by up to 0.25%
Date effective
24 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.24%
Date effective
24 Jul 2019
More Info
Rate change
-0.25%
Rates lowered by up to 0.25%
Date effective
24 Jul 2019
View Now
Rate change
-0.20%
Lowest variable rate will be 3.46%
Date effective
25 Jul 2019
More Info
Rate change
-0.18%
Lowest variable rate will be 3.36%
Date effective
25 Jul 2019
Enquire Now
Rate change
-0.25%
Lowest variable rate will be 3.52%
Date effective
26 Jul 2019
More Info
Rate change
-0.25%
Lowest variable rate will be 3.03%
Date effective
26 Jul 2019
More Info
Rate change
-0.25%
Lowest variable rate will be 3.53%
Date effective
26 Jul 2019
More Info
Rate change
-0.25%
Lowest variable rate will be 3.24%
Date effective
29 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.39%
Date effective
29 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.45%
Date effective
29 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.58%
Date effective
29 Jul 2019
More Info
Rate change
-0.25%
Rates lowered by up to 0.25%
Date effective
29 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 2.99%
Date effective
29 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.80%
Date effective
30 Jul 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.24%
Date effective
30 Jul 2019
More Info
Rate change
-0.15%
Rates lowered by up to 0.15%
Date effective
01 Aug 2019
View Now
Rate change
-0.25%
Lowest variable rate will be 4.28%
Date effective
01 Aug 2019
More Info
Rate change
-0.25%
Rates lowered by up to 0.25%
Date effective
01 Aug 2019
More Info
Rate change
-0.20%
Rates lowered by up to 0.20%
Date effective
01 Aug 2019
More Info
Rate change
-0.20%
Lowest variable rate will be 3.17%
Date effective
01 Aug 2019
More Info
Rate change
-0.25%
Lowest variable rate will be 3.09%
Date effective
02 Aug 2019
View Now
Rate change
-0.15%
Lowest variable rate will be 3.58%
Date effective
01 Sep 2019
More Info
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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.

^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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