Australia · data to Oct 2026
How are interest rates?
Bad.
The cash rate is 4.60%, high enough to squeeze anyone with a mortgage.
For context: 4.60% is around the middle of all 435 figures since 1990.
RBA cash rate
The Reserve Bank's main interest rate, which sets the tone for loans and savings
The strip under the chart shows the verdict each period would get by today's rules:Good Mixed Bad
See the latest numbers
| Period | Value | Verdict |
|---|---|---|
| Oct 2026 | 4.60% | Bad |
| Sep 2026 | 4.60% | Bad |
| Aug 2026 | 4.35% | Bad |
| Jul 2026 | 4.35% | Bad |
| Jun 2026 | 4.35% | Bad |
| May 2026 | 4.35% | Bad |
| Apr 2026 | 4.10% | Bad |
| Mar 2026 | 4.10% | Bad |
| Feb 2026 | 3.85% | Mixed |
| Jan 2026 | 3.60% | Mixed |
| Dec 2025 | 3.60% | Mixed |
| Nov 2025 | 3.60% | Mixed |
Source: RBA, Cash Rate Target (table F1, end of month; table F1.1 monthly average before 2011) · Series RBA FIRMMCRTD; FIRMMCRT before 2011 · Latest Oct 2026
How we judged this
What we test: The latest figure (RBA cash rate). Right now that's 4.60%.
- Good if under 2.50%
- Mixed if from 2.50% to under 4.00%
- Bad if anything the rules above don’t coverapplies now
Rules are checked from the top. The first one that fits decides the verdict.
About this data
- Measure
- RBA cash rate
- Latest
- 4.60% (Oct 2026)
- Published
- Monthly, by RBA
- Verdict counts for
- Equal weight with the others in the overall verdict
Judged from a borrower's point of view. Savers see it the other way round.
Shows the target at the end of each month (the latest month shows the current rate). Before 2011, the monthly average.