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RBA November Cash Rate Decision: Live updates
Reserve Bank of Australia lifts cash rate to 4.85%, its fifth increase this year, in a six-three split vote.
Key points
- The RBA raised the official cash rate by 25 basis points to 4.85% in a six-three split decision.
- It is the fifth cash rate increase this year, after hikes in February, March, May and September.
- The HIA said new home sales in the September quarter were at their lowest level in 18 months.
Why it matters. Higher rates are reducing households' capacity to buy a home, according to the Housing Industry Association, and Macquarie's variable rate rise will lift costs for borrowers and savers.
The Reserve Bank of Australia lifted its cash rate by 25 basis points to 4.85% on Melbourne Cup Day, a six-three split decision and the fifth increase this year. Treasurer Jim Chalmers said the hike was expected but makes it no easier for families and businesses, blaming the Middle East war for pushing up inflation. Macquarie Bank was first to move, raising variable home loan and savings rates by 0.25% from 19 November 2026.
Latest updates
RBA November Cash Rate Decision: Live updates
LIVE Updates, expert reactions, and rate changes as the market digests the Reserve Bank of Australia's cash rate decision for November. The Reserve Bank of Australia (RBA) is expected to hike the cash rate today as inflation continues to exceed expectations. A 0.25% rate hike would take the cash rate to 4.85%, and lift the average rate for a new owner occupier home loan to around 6.75% p.a. Savings account customers stand to gain from any rate hikes that occur, although there's no guarantee banks will pass any rate increases on to savings accounts in full. But if the banks do hike by 0.25%, the average bonus savings account rate would increase to about 5.30% p.a. Keep updated with interest rate changes on Savings.com.au Published 3:40pm, Tuesday Thanks for joining us on our live blog on the monetary policy board's cash rate decision for November 2026. Just reiterating: the RBA has lifted the official cash rate by 25 basis points to 4.85% in a six-three split decision on Melbourne Cup Day. It's the fifth cash rate increase for the year after hikes in February, March, May, and September. Please check Savings.com.au to keep up with the latest interest rate movements across home loans and savings accounts over the coming days. Australians paying a 'hefty price' for Middle East conflict: Chalmers Published 3:35pm, Tuesday Federal Treasurer Jim Chalmers said while today's rate hike w.