RBA Meeting Dates 2025: Key Dates for Interest Rate Decisions
This year, the Reserve Bank of Australia (RBA) has 8 board meetings scheduled to discuss the monetary policy and to move the official cash rate. Below are the dates and outcomes of each meeting.
2025 RBA Meeting Dates:
- 17-18 February
- RBA decided to cut the cash rate by 25 basis points
- March 31-April 1
- Decision: The Reserve Bank of Australia decided to leave the cash rate on hold at 4.1% in today’s meeting
- 19-20 May
- Decision: The RBA decided to cut the cash rate by 25 basis points
- July 7-8
- Decision: The RBA decided to leave the cash rate on hold at 3.85% leaving economists shocked.
- 11-12 August
- Decision: At the RBA meeting today, the board decreased the cash rate target by 25 basis points to 3.60% bringing relief to the mortgage holders.
- 29-30 September
- At its September meeting, the RBA held the cash rate steady at 3.60%, citing easing inflation. Economists expect rates to remain on hold through year-end, making it a good time for borrowers to review their loans or assess their borrowing capacity.
- 3-4 November
- At today’s RBA meeting, the board kept the rates on hold.
- 8-9 December
- At the RBA meeting today, the Reserve Bank of Australia kept the cash rate on hold at 3.60%, marking the final monetary policy decision for 2025.
In 2024, the RBA adjusted its meeting schedule from 11 to eight meetings annually, allowing the board more time to assess economic data between sessions.
Each meeting lasts two days, with monetary policy decisions announced at 2:30 pm Australian Eastern Time on the second day.
Key Economic Data Considered by the RBA
When making monetary policy decisions, the RBA closely analyses a range of economic indicators as per below:
- Inflation (CPI & Core Inflation) – The Consumer Price Index (CPI) and trimmed mean inflation guide the RBA’s assessment of price stability. The target range is 2-3%.
- Employment & Wage Growth – Unemployment rates, job creation, and wage growth influence the bank’s outlook on labour market strength.
- GDP Growth – Economic expansion or contraction impacts interest rate decisions, as the RBA aims to support sustainable growth.
- Consumer & Business Confidence – Surveys on confidence levels provide insight into future spending and investment behaviour.
- Household Spending & Retail Sales – Consumption trends help assess economic activity and the impact of interest rate changes.
- Housing Market Trends – Property prices, lending activity and construction rates indicate economic momentum and financial stability.
- Global Economic Conditions – International factors including U.S. Federal Reserve policies, commodity prices, and global trade trends influence Australia’s monetary policy.
- Exchange Rate Movements – The strength of the AUD affects trade and inflation, influencing RBA decisions.
Staying informed about these dates is essential for anticipating potential changes in interest rates and understanding the RBA’s economic outlook.
After every rate change, assess if refinancing can help you save money or secure better loan terms. However, weighing the costs, comparing options, and time it strategically is essential.
Need expert advice? Contact us today to explore your refinancing options!
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