Australian Interest Rates Guide: RBA & Home Loans
Understand the RBA cash rate, mortgage rates, ASX expectations and basis points. Get answers to Australian interest rate questions and check official data sources.
Rate essentials
Understand interest rates in Australia: the current RBA cash rate, historical rates, the interest rate outlook and your home loan repayments. Explore common interest rate terms.
What is the current Australian interest rate, and which Aus rate matters for my home loan?
The overview shows the latest published RBA cash rate target and its effective date. The Reserve Bank of Australia (RBA) sets this official interest rate target for overnight lending between banks. It influences borrowing and savings rates across the economy. Your lender sets your mortgage interest rate, also called your home loan rate, so it can differ from the cash rate and change by a different amount or at a different time. Check the displayed date and data status when looking for Australian interest rates today.
View the current RBA cash rate and outlookWhere can I see Australian interest rate history?
The Australian interest rate chart shows RBA cash rate history over 1 year, 5 years, 10 years or the available history from August 1990. Use it to follow past interest rate changes, including RBA rate hikes, rate cuts and periods on hold. Earlier range targets are excluded. Expand the data table to read historical interest rates with dates and official source labels. This is cash rate target history, rather than historical mortgage offers.
Explore Australian cash rate historyWhen is the next RBA meeting and interest rate decision?
The overview shows the next scheduled Reserve Bank of Australia interest rate decision and a countdown. The Australian economic calendar places RBA Monetary Policy Board meetings and cash rate announcements alongside inflation, employment and GDP releases, with Australian local times. Check the displayed date and source status for the next RBA announcement because schedules can change.
Check RBA meeting dates and the economic calendarWhat does the Australian interest rate forecast say about the next rate rise or cut?
The RBA rate outlook combines distinct information: ASX interest rate expectations come from market prices for 30 Day Interbank Cash Rate Futures, while the site’s AI assessment is shown separately. Market-implied interest rates and rate change probabilities can change as new information arrives. The implied curve represents monthly average overnight cash rates, and the tracker compares specified decision scenarios. These interest rate predictions are not an official RBA cash rate forecast, a promise of the next decision or a bank mortgage quote; outdated probabilities are withheld.
Read the interest rate outlook and market expectationsHow do I calculate the effect of an interest rate rise or cut on my mortgage?
Enter your remaining loan balance in Australian dollars (AUD), annual interest rate and remaining term into the Australian mortgage repayment calculator, then compare rate rise, hold and rate cut scenarios. It estimates monthly principal and interest (P&I) repayments, assuming full pass-through and a constant rate for the remaining term. It excludes fees, offset accounts and lender delays, and does not model interest-only loans. Inputs stay on this device, with a short session draft for page changes, and are not uploaded.
Calculate home loan repayments and rate change impactsWhere does Aus Rates get its data?
Aus Rates (aus-rates.com) is an independent Australian interest rates dashboard. Official cash rates and monetary policy information come from the RBA, economic releases from the Australian Bureau of Statistics (ABS), and market expectations from ASX. Read each item’s release date, reference period and source status. If the data connection is unavailable, the page labels its retained or manually verified snapshot; this is not a new release. AI interpretation is shown separately from official data and market probabilities.
Explore inflation, employment and GDP data- Australia, Australian, Aus and AU
- Aus and AU are shortened references to Australia. Australian rates, Aus interest rates and AU interest rates can describe the same topic, but the type of rate matters: this dashboard tracks monetary policy and mortgage scenarios. The RBA cash rate, bank mortgage rates and savings interest rates are different measures. Explore Australian interest rates
- Reserve Bank of Australia (RBA)
- The RBA is Australia’s central bank. Its Monetary Policy Board sets the official cash rate target. The terms RBA rate and RBA interest rate usually refer to this target, rather than a lender’s advertised home loan interest rate. Find the next RBA meeting
- Cash rate target, official interest rate and policy rate
- The Australian cash rate is the interest rate on overnight lending between banks. The RBA cash rate target guides that rate and is Australia’s policy rate. When checking the cash rate today, read the latest published target together with its effective date and source status. Check the latest cash rate target
- Rate hike, rate rise, rate cut and rate hold
- A rate hike or rate rise means an interest rate increase. A rate cut means an interest rate decrease, while a hold leaves the target unchanged. RBA rate hike and rate cut probabilities describe possible decisions; the next interest rate announcement confirms the actual decision. Compare RBA rate expectations
- Basis points (bp / bps) and percentage points (pp)
- One basis point is 0.01 percentage points. For example, a 25 bps increase takes a hypothetical 5.00% interest rate to 5.25%. That is a rise of 0.25 percentage points, not a 25% increase. These units help compare rate changes and their mortgage impact. Model a rate change
- Australian Securities Exchange (ASX) and cash rate futures
- The ASX RBA Rate Tracker uses 30 Day Interbank Cash Rate Futures prices to estimate interest rate change probabilities. Market-implied rates and interest rate forecasts can change as expectations shift. Read the settlement date and distinguish market pricing from the site’s AI interpretation. Read ASX rate expectations
- Mortgage rates, home loan repayments and P&I
- Mortgage rates are home loan interest rates set by lenders. Principal and interest (P&I) repayments pay down the loan balance and cover interest. The Australian home loan calculator compares monthly mortgage repayments under different rate scenarios, using amounts in Australian dollars (AUD). Use the home loan repayment calculator
- Consumer Price Index (CPI) and inflation
- CPI measures price changes in a basket of household goods and services. Australian inflation data includes headline CPI inflation and measures of underlying inflation such as trimmed mean inflation. Read the reference period and distinguish monthly changes from annual inflation rates. Explore Australian inflation and CPI
- Gross Domestic Product (GDP) and economic growth
- GDP measures economic production. Real GDP adjusts for price changes. When reviewing Australian GDP growth, distinguish quarterly growth from annual growth and read the data’s reference period alongside its release date. View Australian GDP data
- Australian Bureau of Statistics (ABS), employment and unemployment
- ABS publishes Australian labour force data, including employment and the unemployment rate. The economic calendar brings these jobs releases together with CPI inflation, GDP and RBA decision dates to help explain the evidence behind the interest rate outlook. Explore the Australian economic calendar
- Reserve Bank of Australia (RBA): cash rate target and decision history
- RBA monetary policy meeting schedule
- Australian Bureau of Statistics (ABS): economic statistics and releases
- Australian Securities Exchange (ASX): RBA Rate Tracker methodology
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