RBA Cash Rate Outlook - What Comes After 4.85%?

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The RBA cash rate target is 4.85% after the 3 November 2026 increase, the fifth rise of 2026. The Board said inflation had become broadly based and revised its outlook higher. The next scheduled monetary policy decision is 8 December 2026.

Frequently Asked Questions

When is the next RBA rate decision?

The next scheduled monetary policy decision is 8 December 2026.

Will there be another rate rise in 2026?

No outcome is certain. The RBA said inflation was broadly based and revised its inflation outlook higher in November. The December decision depends on incoming inflation, labour-market and demand data.

When will rates start coming down again?

There is no confirmed date. A future cut requires evidence that inflation is returning sustainably toward target. Forecasts should be treated as dated scenarios, not promises.

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