RBA · Michele Bullock
Reserve Bank of Australia
Cash Rate Target · Snapshot 30 Apr 2026, 06:23 am UTC
Next Decision
4d
Next Meeting Pricing
77.5% HIKE
Current Rate
0.00%
12-Month Outlook
+70 bp
PATH OF RBA CASH RATE TARGET OVERNIGHT CALL RATE: MARKET EXPECTATION
| Meeting▲ | Implied | P(Hike) | P(Hold) | P(Cut) | Cum Moves | Δ bp |
|---|---|---|---|---|---|---|
| 05 May 2026 | 4.294% | 77.5% | 22.5% | 0.0% | 0.78 | +19.4 |
| 16 June 2026 | 4.377% | 33.2% | 66.8% | 0.0% | 1.11 | +27.7 |
| 11 Aug 2026 | 4.563% | 74.3% | 25.7% | 0.0% | 1.85 | +46.3 |
| 29 Sept 2026 | 4.563% | 0.0% | 100.0% | 0.0% | 1.85 | +46.3 |
| 03 Nov 2026 | 4.771% | 83.3% | 16.7% | 0.0% | 2.68 | +67.1 |
| 08 Dec 2026 | 4.775% | 1.7% | 98.3% | 0.0% | 2.70 | +67.5 |
| 09 Feb 2027 | 4.795% | 8.0% | 92.0% | 0.0% | 2.78 | +69.5 |
| 23 Mar 2027 | 4.795% | 0.0% | 100.0% | 0.0% | 2.78 | +69.5 |