RBA Cash Rate: 4.35%
The Reserve Bank of Australia cash rate is 4.35% as at June 2026. Here is what it means for Australian home loan rates and your repayments — tied to live data across 85+ lenders, refreshed daily.
What is the RBA cash rate?
The cash rate is the interest rate the Reserve Bank of Australia targets for overnight loans between banks. It is the RBA's main lever for managing inflation and the economy. When the cash rate rises, banks' funding costs rise and variable home loan rates typically follow; when it falls, variable rates usually ease. The cash rate is currently 4.35%.
How the cash rate affects your home loan
The average owner-occupier variable home loan rate is 6.19% — about 184 basis points above the 4.35%cash rate. That spread is the banks' margin plus funding and risk costs. On a $600,000 owner-occupier loan over 30 years, that average rate works out to roughly $3,671 a month in principal and interest — but the lowest rate on our comparison table (5.89%) saves materially on the same loan.
Updated 13 June 2026. Cash rate sourced from the RBA; mortgage rates from our daily index. Worked example is indicative only.
Cash rate FAQ
What is the current RBA cash rate?
The RBA cash rate is 4.35% as at June 2026. The cash rate is the interest rate the Reserve Bank of Australia sets at its board meetings; it anchors what banks charge on variable home loans.
When is the next RBA cash rate decision?
The Reserve Bank board meets through June 2026 and announces its cash rate decision at 2:30pm AEST on the second day of the meeting. Economists are widely tipping a hold after three consecutive 2026 hikes, though the RBA has flagged inflation risk.
How does the cash rate affect my home loan?
Variable home loan rates move broadly with the cash rate. Right now the average owner-occupier variable rate is 6.19% — about 184 basis points above the 4.35% cash rate. When the RBA moves, most lenders pass the change through within weeks.
What does the current cash rate mean for repayments?
At the current average variable rate of 6.19%, a $600,000 owner-occupier loan over 30 years costs roughly $3,671 a month in principal and interest. A sharper rate from the comparison table lowers that materially.
See live rates against the 4.35% cash rate
Compare every lender's rate, refreshed daily, and see the full rate statistics.