RBA cash rate target, Australia
RBA cash rate target was 4.36% in September 2026, up 0.01 pp from August 2026 and up 0.76 pp from a year earlier. The figure is published by Reserve Bank of Australia in RBA table F1.1. The series starts in January 2006 and has 249 observations. Source: Reserve Bank of Australia.
- On the previous reading (August 2026): up 0.01 pp, to 4.36%
- On a year earlier (September 2025): up 0.76 pp
- Against the five-year average of 3.30%: above
Sparklines: the last ten years; the amber dot marks the reading in the tile. Source: Reserve Bank of Australia. This information is available free of charge on rba.gov.au. EconoMonitor is not affiliated with or endorsed by the RBA.
Overview
Over the last five years the series ranged from 0.10% (September 2021) to 4.36% (September 2026). Since January 2006 the full range is 0.10% (December 2020) to 7.25% (April 2008).
Key facts
| Reading | Period | Value |
|---|---|---|
| Latest | September 2026 | 4.36% |
| Previous | August 2026 | 4.35% |
| A year earlier | September 2025 | 3.60% |
| Five-year high | September 2026 | 4.36% |
| Five-year low | September 2021 | 0.10% |
| First observation | January 2006 | 5.50% |
Unit: percent. Source: Reserve Bank of Australia. This information is available free of charge on rba.gov.au. EconoMonitor is not affiliated with or endorsed by the RBA.
How has it moved since January 2006?
Full history
- RBA cash rate target 4.4%
Last five years
- RBA cash rate target 4.4%
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| September 2025 | 3.60% | -0.10 pp |
| October 2025 | 3.60% | 0.00 pp |
| November 2025 | 3.60% | 0.00 pp |
| December 2025 | 3.60% | 0.00 pp |
| January 2026 | 3.60% | 0.00 pp |
| February 2026 | 3.83% | +0.23 pp |
| March 2026 | 3.96% | +0.13 pp |
| April 2026 | 4.10% | +0.14 pp |
| May 2026 | 4.31% | +0.21 pp |
| June 2026 | 4.35% | +0.04 pp |
| July 2026 | 4.35% | 0.00 pp |
| August 2026 | 4.35% | 0.00 pp |
| September 2026 | 4.36% | +0.01 pp |
How does the latest reading compare?
The latest reading of 4.36% in September 2026 is above its five-year average of 3.30% and above its ten-year average of 2.14%. It is higher than 78% of all 249 readings since January 2006. The rise in September 2026 ended a run in the other direction or a flat reading. Over the last 12 readings, from October 2025 to September 2026, it averaged 4.00%, with a high of 4.36% in September 2026 and a low of 3.60% in October 2025. In the last ten years the largest rise from one reading to the next was in July 2022, to 1.28% from 0.73% in June 2022, and the largest fall was in March 2020, to 0.43% from 0.75% in February 2020.
Among the last 9 complete years, the average was highest in 2024, at 4.35%, and lowest in 2021, at 0.10%.
Year by year
| Year | Average | Low | High | Last reading | Readings |
|---|---|---|---|---|---|
| 2026 | 4.13% | 3.60% | 4.36% | 4.36% September 2026 | 9 |
| 2025 | 3.88% | 3.60% | 4.35% | 3.60% December 2025 | 12 |
| 2024 | 4.35% | 4.35% | 4.35% | 4.35% December 2024 | 12 |
| 2023 | 3.87% | 3.10% | 4.35% | 4.35% December 2023 | 12 |
| 2022 | 1.27% | 0.10% | 3.05% | 3.05% December 2022 | 12 |
| 2021 | 0.10% | 0.10% | 0.10% | 0.10% December 2021 | 12 |
| 2020 | 0.32% | 0.10% | 0.75% | 0.10% December 2020 | 12 |
| 2019 | 1.17% | 0.75% | 1.50% | 0.75% December 2019 | 12 |
| 2018 | 1.50% | 1.50% | 1.50% | 1.50% December 2018 | 12 |
| 2017 | 1.50% | 1.50% | 1.50% | 1.50% December 2017 | 12 |
Averages, lows and highs are calculated by EconoMonitor from the published readings. Source: Reserve Bank of Australia. This information is available free of charge on rba.gov.au. EconoMonitor is not affiliated with or endorsed by the RBA.
How is it measured?
Cash rate target, monthly average.
RBA cash rate target is published monthly by Reserve Bank of Australia in its RBA table F1.1 release. It is measured in percent. EconoMonitor holds all 249 readings since January 2006 under the publisher's code FIRMMCRT, keeps earlier values when the publisher revises them, and compares each release with the downloaded file before it is shown.
Related measures on this site: Australian Government 10-year bond yield was 5.28% in September 2026; Australian Government 2-year bond yield was 4.92% in September 2026.
- Frequency: monthly.
- Unit: percent.
- Release: RBA table F1.1, published by Reserve Bank of Australia.
- Source series code: FIRMMCRT.
- Methodology: how EconoMonitor stores and checks this series.
Questions and sources
What is the latest reading of RBA cash rate target?
4.36% in September 2026, as published by Reserve Bank of Australia.
How often is it updated?
Monthly, with each RBA table F1.1 release. EconoMonitor reloads the series after each release and keeps earlier values when the publisher revises them.
Where can I check it?
At the publisher: Reserve Bank of Australia statistical tables, series code FIRMMCRT.
Definitions of the other measures quoted on this page: Australian Government 10-year bond yield (AU), Australian Government 2-year bond yield (AU).
Source: Reserve Bank of Australia. This information is available free of charge on rba.gov.au. EconoMonitor is not affiliated with or endorsed by the RBA. Checks for this release: Check A passed, Check B passed.
Data and analysis only, not financial advice. Data publishers do not endorse EconoMonitor. See the disclaimer and methodology.