Reserve Bank of Australia meeting —

At its 17 March 2026 meeting, the Reserve Bank of Australia raised its policy rate from 3.60% to 4.10%. The decision passed 5-4. unknown dissented, preferring a hold.

Decision

hike — 3.60% to 4.10%

Vote: 5-4

Dissenters

  • unknown — preferred hold

Key passages

Today as you know, the Board decided to raise the cash rate by 25 basis points to 4.1 per cent.

Immediate policy action: 25bp hike to 4.1%.

Taken together, the data suggests there is slightly more excess demand in the economy than we thought in February, and inflationary pressures are therefore somewhat greater.

Upward revision to inflation assessment; domestic demand pressures persist.

Meeting documents

Background reading

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