What is the RBA Cash Rate?

The RBA Cash Rate is the official interest rate set by the Reserve Bank of Australia for overnight interbank loans. It serves as the benchmark for interest rates across commercial banks in Australia.

How does an RBA Cash Rate change affect my mortgage in Australia?

When the RBA raises or lowers the cash rate, commercial lenders typically pass on these changes to variable rate home loans. A 0.25% cash rate increase generally increases monthly repayments by roughly $75 to $100 per $500,000 borrowed on a typical 25-year mortgage.

How often does the Reserve Bank of Australia review the cash rate?

The RBA Board meets eight times a year to decide on monetary policy and interest rate settings.

RBA Cash Rate Tracker & Mortgage Repayment Impact Calculator

Current RBA Official Cash Rate

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Home Loan Parameters

Loan Principal Outstanding (AUD)

Remaining Loan Term (Years)

Years

Estimated Mortgage Impact Analysis

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Frequently Asked Questions: RBA Rates & Australian Mortgages

What is the Reserve Bank of Australia Cash Rate?

The RBA Cash Rate is the benchmark rate for interbank borrowing set by Australia's central bank. It influences overall interest rate structures across commercial lenders, including mortgage rates, credit cards, and savings accounts.

How do banks respond when the RBA changes interest rates?

When the cash rate changes, major Australian banks (CBA, Westpac, NAB, ANZ) typically pass on the rate adjustment to variable home loan borrowers within several weeks.

Disclaimer: This tool provides an estimate based on a standard loan calculation formula and an assumed bank margin above the RBA cash rate. Actual repayments vary by lender (e.g. Commonwealth Bank, Westpac, NAB, ANZ), fee structures, and specific loan terms. Always consult a licensed Australian Financial Services License (AFSL) broker or advisor for precise loan calculations.