How do RBA rate changes impact my mortgage?

Every 0.25% change in your rate moves repayments by about $2.08 per month per $1,000 of loan. Our calculator shows the monthly impact instantly.

When are the next RBA meetings?

The Monetary Policy Board meets eight times a year. Check the Reserve Bank's current decision calendar because meeting dates can change.

RBA Interest Rate Decisions: What It Means for You

Updated 21 August 2026 · 4 min read

The Reserve Bank of Australia (RBA) sets the cash rate target at scheduled Monetary Policy Board meetings. On 11 August 2026, the Board left the cash rate target unchanged at 4.35%. Even a small change — such as 0.25% — can materially shift a mortgage budget.

Instant impact calculator

Enter your loan and choose a rate change. The impact updates instantly. Default is 0.25% (you can type any numeric value).

How to follow the next decision

The Board meets eight times each year. For the current meeting calendar, decision and statement, use the RBA Monetary Policy Decisions page. Your lender may change its own variable rates on a different timetable, and need not move by the same amount as the cash rate.

Want to go deeper?

Use our full Repayment Estimator to compare scenarios across different rates, loan terms and offsets.

General information only — not financial advice. Consider seeking independent advice for your circumstances.