The Reserve Bank of Australia (RBA) has increased the official cash rate by 0.25 percentage points to 4.35% at its May 2026 meeting.
This marks a third consecutive rate rise in 2026, as the Board continues to respond to inflation remaining above its target range.
For some borrowers, this may be a prompt to review their loan sooner rather than later.
With multiple increases already delivered this year, many borrowers could now be seeing the impact flow through to repayments and household budgets.
Even after a rate rise, interest rates can vary between lenders. Reviewing your home loan may help you understand how this decision affects your repayments and whether more competitive options may be available.
At Aussie, our brokers compare 25+ lenders** and 4,000+ home loan options to help you understand what’s available in today’s market and how different rates could affect your loan.
A rate rise doesn’t mean you’re out of options. Speak with an Aussie Broker to understand what this decision could mean for your loan and what you could consider next.
RBA increased the cash rate in May 2026
Last updated: May 6th 2026, 8:30am AEDT
Our list of lenders’ responses following the most recent RBA rate decision can be found below. We will update this list as lenders respond:
Lender | Announcement | Rate | Effective |
|---|---|---|---|
Commonwealth Bank | ✅ Yes | +0.25% | Friday, May 15, 2026 |
NAB | ✅ Yes | +0.25% | Friday, May 15, 2026 |
ANZ | ✅ Yes | +0.25% | Friday, May 15, 2026 |
Westpac | ✅ Yes | +0.25% | Friday, May 15, 2026 |
AMP | ✅ Yes | +0.25% | Friday, May 15, 2026 |
Aussie Bridge | ⏳ Pending | ||
Aussie Boost | ⏳ Pending | ||
Aussie Activate | ⏳ Pending | ||
Aussie Elevate | ⏳ Pending | ||
Aussie Select | ⏳ Pending | ||
Bank of Melbourne | ✅ Yes | +0.25% | Friday, May 15, 2026 |
BankSA | ✅ Yes | +0.25% | Friday, May 15, 2026 |
Bankwest | ✅ Yes | +0.25% | Friday, May 15, 2026 |
BOQ | ✅ Yes | +0.25% | Friday, May 8, 2026 |
Great Southern | ⏳ Pending | ||
Heritage | ✅ Yes | +0.25% | Tuesday, May 19, 2026 |
HSBC | ⏳ Pending | ||
ING | ⏳ Pending | ||
Firstmac | ⏳ Pending | ||
Macquarie | ✅ Yes | +0.25% | Friday, May 22, 2026 |
MeBank | ✅ Yes | +0.25% | Saturday, May 16, 2026 |
Newcastle Permanent | ✅ Yes | +0.25% | Friday, May 15, 2026 |
St George | ✅ Yes | +0.25% | Friday, May 15, 2026 |
Suncorp | ✅ Yes | +0.25% | Friday, May 15, 2026 |
Historical rate changes
Keeping track of interest rate changes can be tricky. That's why we've created the list below to help you understand what changes have been made historically.
Date | RBA Cash Rate (%) | Change |
|---|---|---|
4-May-2026 | 4.35 | ↑ +0.25 |
17-Mar-2026 | 4.10 | ↑ +0.25 |
3-Feb-2026 | 3.85 | ↑ +0.25 |
13-Aug-2025 | 3.60 | ↓ -0.25 |
21-May-2025 | 3.85 | ↓ -0.25 |
18-Feb-2025 | 4.10 | ↓ -0.25 |
8-Nov-2023 | 4.35 | ↑ +0.25 |
7-Jun-2023 | 4.10 | ↑ +0.25 |
3-May-2023 | 3.85 | ↑ +0.25 |
8-Mar-2023 | 3.60 | ↑ +0.25 |
8-Feb-2023 | 3.35 | ↑ +0.25 |
7-Dec-2022 | 3.10 | ↑ +0.25 |
2-Nov-2022 | 2.85 | ↑ +0.25 |
5-Oct-2022 | 2.60 | ↑ +0.25 |
7-Sep-2022 | 2.35 | ↑ +0.50 |
3-Aug-2022 | 1.85 | ↑ +0.50 |
6-Jul-2022 | 1.35 | ↑ +0.50 |
8-Jun-2022 | 0.85 | ↑ +0.50 |
4-May-2022 | 0.35 | ↑ +0.25 |
4-Nov-2020 | 0.10 | ↓ -0.15 |
20-Mar-2020 | 0.25 | ↓ -0.25 |
4-Mar-2020 | 0.50 | ↓ -0.25 |
2-Oct-2019 | 0.75 | ↓ -0.25 |
3-Jul-2019 | 1.00 | ↓ -0.25 |
5-Jun-2019 | 1.25 | ↓ -0.25 |
3-Aug-2016 | 1.50 | ↓ -0.25 |
4-May-2016 | 1.75 | ↓ -0.25 |
6-May-2015 | 2.00 | ↓ -0.25 |
4-Feb-2015 | 2.25 | ↓ -0.25 |
7-Aug-2013 | 2.50 | ↓ -0.25 |
8-May-2013 | 2.75 | ↓ -0.25 |
5-Dec-2012 | 3.00 | ↓ -0.25 |
3-Oct-2012 | 3.25 | ↓ -0.25 |
6-Jun-2012 | 3.50 | ↓ -0.25 |
2-May-2012 | 3.75 | ↓ -0.50 |
7-Dec-2011 | 4.25 | ↓ -0.25 |
2-Nov-2011 | 4.50 | ↓ -0.25 |
3-Nov-2010 | 4.75 | ↑ +0.25 |
5-May-2010 | 4.50 | ↑ +0.25 |
7-Apr-2010 | 4.25 | ↑ +0.25 |
3-Mar-2010 | 4.00 | ↑ +0.25 |
2-Dec-2009 | 3.75 | ↑ +0.25 |
4-Nov-2009 | 3.50 | ↑ +0.25 |
7-Oct-2009 | 3.25 | ↑ +0.25 |
8-Apr-2009 | 3.00 | ↓ -0.25 |
4-Feb-2009 | 3.25 | ↓ -1.00 |
3-Dec-2008 | 4.25 | ↓ -1.00 |
5-Nov-2008 | 5.25 | ↓ -0.75 |
8-Oct-2008 | 6.00 | ↓ -1.00 |
3-Sep-2008 | 7.00 | ↓ -0.25 |
5-Mar-2008 | 7.25 | ↑ +0.25 |
6-Feb-2008 | 7.00 | ↑ +0.25 |
7-Nov-2007 | 6.75 | ↑ +0.25 |
8-Aug-2007 | 6.50 | ↑ +0.25 |
8-Nov-2006 | 6.25 | ↑ +0.25 |
2-Aug-2006 | 6.00 | ↑ +0.25 |
3-May-2006 | 5.75 | ↑ +0.25 |
2-Mar-2005 | 5.50 | ↑ +0.25 |
3-Dec-2003 | 5.25 | ↑ +0.25 |
5-Nov-2003 | 5.00 | ↑ +0.25 |
5-Jun-2002 | 4.75 | ↑ +0.25 |
8-May-2002 | 4.50 | ↑ +0.25 |
5-Dec-2001 | 4.25 | ↓ -0.25 |
3-Oct-2001 | 4.50 | ↓ -0.25 |
5-Sep-2001 | 4.75 | ↓ -0.25 |
4-Apr-2001 | 5.00 | ↓ -0.50 |
7-Mar-2001 | 5.50 | ↓ -0.25 |
7-Feb-2001 | 5.75 | ↓ -0.50 |
2-Aug-2000 | 6.25 | ↑ +0.25 |
3-May-2000 | 6.00 | ↑ +0.25 |
5-Apr-2000 | 5.75 | ↑ +0.25 |
2-Feb-2000 | 5.50 | ↑ +0.50 |
3-Nov-1999 | 5.00 | ↑ +0.25 |
2-Dec-1998 | 4.75 | ↓ -0.25 |
30-Jul-1997 | 5.00 | ↓ -0.50 |
23-May-1997 | 5.50 | ↓ -0.50 |
11-Dec-1996 | 6.00 | ↓ -0.50 |
6-Nov-1996 | 6.50 | ↓ -0.50 |
31-Jul-1996 | 7.00 | ↓ -0.50 |
14-Dec-1994 | 7.50 | ↑ +1.00 |
24-Oct-1994 | 6.50 | ↑ +1.00 |
17-Aug-1994 | 5.50 | ↑ +0.75 |
30-Jul-1993 | 4.75 | ↓ -0.50 |
23-Mar-1993 | 5.25 | ↓ -0.50 |
8-Jul-1992 | 5.75 | ↓ -0.75 |
6-May-1992 | 6.50 | ↓ -1.00 |
8-Jan-1992 | 7.50 | ↓ -1.00 |
6-Nov-1991 | 8.50 | ↓ -1.00 |
3-Sep-1991 | 9.50 | ↓ -1.00 |
16-May-1991 | 10.50 | ↓ -1.00 |
4-Apr-1991 | 11.50 | ↓ -0.50 |
18-Dec-1990 | 12.00 | ↓ -1.00 |
15-Oct-1990 | 13.00 | ↓ -1.00 |
2-Aug-1990 | 14.00 | — |
An Aussie Broker can do the leg work when you refinance. Our brokers can search, compare and apply for home loans for you. Just book a free^ appointment at a time that suits you to get expert help.