Reserve Bank of Australia meeting —
At its 5 May 2026 meeting, the Reserve Bank of Australia raised its policy rate from 4.10% to 4.35%. The decision passed 8-1.
Decision
hike — 4.10% to 4.35%
Vote: 8-1
Key passages
Today, as you know, the Board decided to raise the cash rate by 25 basis points.
The most recent data have confirmed that some of the increase in inflation was being generated by economy-wide capacity pressures including ongoing tightness in the labour market.
Meeting documents
Background reading
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