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RBA holds at 4.35% — but the Big 4 are split on what happens next The Reserve Bank of Australia left the cash rate unchanged at 4.35% at its August 2026 meeting, marking the second consecutive hold. All nine Monetary Policy Board members voted to keep rates on hold, but the decision was described by economists as a "hawkish hold" — the Bank reiterated that inflation remains too high for comfort and signalled it is still willing to raise rates again. Since that meeting, the Bi

RBA Holds Cash Rate at 4.35% — August 2026 Update The Reserve Bank of Australia left the official cash rate unchanged at 4.35% following its meeting on Tuesday 11 August 2026. This marks the second consecutive hold, after three consecutive rate rises earlier in the year lifted the cash rate from 3.60% to 4.35%. Most lenders are not expected to change variable home loan rates as a result of today's decision. Three of the four major banks — including NAB — now believe the tight

The Reserve Bank of Australia held the cash rate at 4.35% at its June meeting, and for the first time in this tightening cycle, most of the big four banks now believe rates have peaked. CBA, ANZ and NAB are all forecasting the cash rate to stay on hold at 4.35% through the rest of 2026, with NAB going a step further and flagging a possible first rate cut in early 2027. Westpac remains the outlier, still expecting two more increases this year. The next RBA decision is due on 1