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Reserve Bank Raises Cash Rate to 4.85 Per Cent on 3 November 2026
Reserve Bank lifts cash rate to 4.85%, and Australian lenders begin announcing variable home loan rate rises.
Key points
- The Reserve Bank raised the official cash rate to 4.85% on 3 November 2026.
- Australian lenders are announcing increases to their variable rate home loans.
- The source names ANZ, CommBank, NAB, Westpac and AMP among lenders listed in the rate-rise table.
Why it matters. Borrowers with variable rate home loans may face higher monthly repayments as lenders pass on the central bank's rate increase, the source says.
The Reserve Bank raised the official cash rate to 4.85% on 3 November 2026, according to the source text. Australian lenders are announcing increases to their variable home loan rates in response, with a table tracking each announcement. The source names ANZ, CommBank, NAB, Westpac and AMP among the lenders listed, and says the table will be updated as more lenders announce rises. A Finder calculator lets borrowers estimate how much their repayments will rise, based on a 25-year remaining term and a 0.25% rise.
Latest updates
Reserve Bank Raises Cash Rate to 4.85 Per Cent on 3 November 2026
The Reserve Bank of Australia raised the official cash rate to 4.85 per cent on 3 November 2026. Australian lenders have begun announcing increases to their variable-rate home loans in response. Finder is tracking each lender's announcement in a running table. Borrowers on variable rates can expect their repayments to rise following the lender changes. The source does not detail the size of each individual lender's increase.
Reserve Bank Raises Cash Rate to 4.85 Per Cent in 6-3 Vote
The Reserve Bank of Australia raised the cash rate to 4.85 per cent on November 3, 2026, in a 6-3 majority vote. The Bank also downgraded its economic outlook in the same decision. Macquarie and Ubank have passed the increase on to customers, with Macquarie passing it to both borrowers and savers. Markets reacted with the Australian dollar falling and shares retreating from early gains. Ten-year bond yields hit two-month lows, while gold rebounded and oil prices fell below US$105 a barrel on hopes related to Iran.