Reserve Bank of Australia meeting —

At its 30 September 2025 meeting, the Reserve Bank of Australia held its policy rate at 3.60%.

Decision

hold — 3.60% to 3.60%

Key passages

the Board decided to leave the cash rate on hold at 3.6 per cent.

No change as expected; focus shifts to future data.

Inflation remains within the target range, but recent data indicate there could be a bit more upward pressure than we thought in August.

Signals potential persistence in inflation, reducing odds of near-term cuts.

Meeting documents

Background reading

Previous meeting · Next meeting · Open the full decision workspace

The Cadence Brief

The one number that moved central bank pricing — delivered each weekday morning.

Free. One email a day. Unsubscribe anytime.