Definition
Australia's central bank. It sets the cash rate, Australia's key interest rate, and its decisions come out in the afternoon in Sydney, which is late evening the day before in US Central time.
The story
On Nov 3, 2026, the RBA raised its cash rate target by 0.25 percentage point to 4.85%, an 18-year high (Bloomberg). Six board members voted for the hike and three voted to hold. It said there was "an increasing risk that higher inflation expectations will become embedded."
Why markets watch it
Its decisions land while US futures trade overnight, so they can move the Australian dollar and other markets before the US session opens.
Connects to
Central bankThe Federal ReserveInflation expectationsBank of England
Last seen in
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms