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The cash rate target set by the Reserve Bank of Australia board, announced with a statement and followed by a press conference.
| Published by | Reserve Bank of Australia |
|---|---|
| Country | Australia |
| Currency affected | AUD |
| Release frequency | Every 6 weeks |
| Usual release time | 04:30 GMT (UTC+00:00) |
| Impact rating | High impact |
| Typical volatility | 50-110 pips on AUD/USD inside the first hour |
The RBA Interest Rate Decision is released every 6 weeks by Reserve Bank of Australia, usually at 04:30 GMT (UTC+00:00). These are the dates inside our calendar window.
Every release in the window has already been published. The next one falls outside the four-week demo calendar.
Australia's mortgage market is dominated by variable rates, so RBA decisions transmit to households almost immediately.
The Aussie doubles as a China proxy, so the policy reaction is often filtered through the regional growth story.
Typical volatility around the release is 50-110 pips on AUD/USD inside the first hour. That is an average, not a limit: when the figure lands far from consensus, or when it contradicts the central bank's own guidance, the move can be several times larger and can extend for the rest of the session.
| Pair | Why it reacts |
|---|---|
| AUD/USD | The direct expression of RBA policy. |
| AUD/JPY | The classic carry pair. |
| AUD/NZD | Isolates the Aussie against its closest peer. |
Surprise is the released figure minus the consensus forecast, in the units of the release. Green means the figure printed above consensus, red below.
| Release date | Period | Previous | Forecast | Actual | Surprise |
|---|---|---|---|---|---|
| 23 Jun 2026 | Jun meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 12 May 2026 | May meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 31 Mar 2026 | Mar meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 17 Feb 2026 | Feb meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 6 Jan 2026 | Jan meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 25 Nov 2025 | Nov meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 14 Oct 2025 | Oct meeting | 3.35% | 3.35% | 3.35% | 0.00 |
| 2 Sep 2025 | Sep meeting | 3.35% | 3.35% | 3.35% | 0.00 |
Reserve Bank of Australia publishes the RBA Interest Rate Decision for Australia. It is released every 6 weeks, typically at 04:30 GMT (UTC+00:00).
We rate this release high impact. In our sample the typical move is 50-110 pips on AUD/USD inside the first hour, though a large deviation from consensus can produce considerably more.
AUD/USD, AUD/JPY, AUD/NZD carry the cleanest reaction. The direct expression of RBA policy.
No. The currency reaction depends on how the figure changes the expected path of interest rates, not on whether the headline is high or low. The same surprise can be read very differently depending on the central bank's current stance.