The Reserve Bank of Australia (RBA) has raised its benchmark interest rate to 4.85% in November 2026, up from 4.60% previously. The move marks the latest step in the central bank’s tightening cycle, following the last rate level set in September 2026.
With the cash rate now at 4.85%, borrowing costs across the Australian economy continue to edge higher as policymakers maintain a restrictive stance. The previous benchmark rate of 4.60% had been in place since September 2026, before this latest adjustment.
The updated data, current as of 03 November 2026, underscores the RBA’s continued focus on using interest rates as its primary tool to steer economic conditions and manage domestic price and demand pressures.