RBA Delivers Third Hike in a Row
By Sophia Rodrigues
Published On 05 May 2026 , 02:35 PMThe Reserve Bank of Australia lifted the cash rate by 25bps to 4.35%, delivering its third straight rate hike and taking the rate back to the post-Covid peak.
The RBA noted higher fuel prices are adding to inflation, and "there are indications that this is likely to have second-round effects on prices for goods and services more broadly."
"In light of these considerations, the Board assessed that inflation is likely to remain above target for some time and that the risks remain tilted to the upside, including to inflation expectations. It was therefore judged appropriate to increase the cash rate target."
The decision was made by a majority 8-1 vote.
LATEST SNIPPETS
Australia's 2031 bond syndication may hit record orderbook
Orderbook for the Australian government's 1% 21 November 2031 bond issue may hit a record high, likely surpassing...
Published on : 25 Aug 2020 , 04:57 PMRBA buying A$2B of April 2023, 2024 again
The RBA remains determined to keep 3-year Australian government bonds near its 0.25% target, offering to bu...
Published on : 13 Aug 2020 , 11:29 AMRBA shows more determination to keep 3-year AGS at 0.25% target
The RBA appears very determined to ensure 3-year Australian government bonds stays near its 0.25% target, doubling th...
Published on : 12 Aug 2020 , 11:33 AMRBA buys A$1.0B govt bonds but 2023 yld still slightly above 0.25%
The RBA bought A$1.0 billion of Australian government bonds at the third bond-buying auction since last Wednesday but...
Published on : 10 Aug 2020 , 03:56 PMRBA focuses on Nov 2022 bond at auction but yield still higher than 2023
At the bond-buying auction today, the RBA focused much of its purchases on the November 2022 government bond, spendin...
Published on : 06 Aug 2020 , 04:51 PMRBA to buy AGS for second straight day
The RBA has announced bond-buying via auction for the second consecutive day, keeping the notified amount unchanged a...
Published on : 06 Aug 2020 , 11:42 AMWeighted average yield at RBA's 2023 bond-buying 0.2575%
The RBA bought A$500 million of 5.5% April 2023 Australian government bonds on Wednesday at a cut-off of 0.2525% and...
Published on : 06 Aug 2020 , 09:02 AMRBA buying only A$500m of one bond line -- April 2023
The RBA is buying A$500 million of April 2023 government bonds as part of its bond-buying program which it resumed We...
Published on : 05 Aug 2020 , 12:45 PMAOFM raises A$15B from sale via syndication of new 2051 bond
The Australian government has raised $15 billion from the sale of the new 1.75% June 2051 bond via syndication,...
Published on : 28 Jul 2020 , 11:58 AMAustralia's 2030 bond syndication record likely unbeaten
It appears Australia's A$19 billion debt syndication for the 2030 bond in May will remain a record, with whi...
Published on : 14 Jul 2020 , 10:46 AM