RBA Interest Rates. The reserve bank of australia (rba) is widely expected to hold the cash rate steady at 4.35 per cent when it announces its interest rate decision at 2:30pm today. At its meeting today, the board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on exchange settlement balances unchanged at 4.25.
The reserve bank of australia (rba) retained its cash rate at 4.35% during its final meeting of 2024, keeping borrowing costs unchanged for the ninth straight gathering, in line with market. The cash rate is the interest rate on unsecured overnight loans between banks. Having threatened to raise interest rates all year, all while parroting the global central bank mantra that we are data dependent, the rba could well have been forced to.