Reserve Bank of Australia Raises Cash Rate to 4.85%

On 3 November 2026, the Reserve Bank of Australia increased its cash rate target by 25 basis points to 4.85%. The decision affects borrowing costs, mortgage repayments, business financing and investment strategies across the Australian economy. Banks, lenders and wealth managers may need updated interest-rate forecasts, credit-risk assessments and portfolio strategies. HPC can support financial institutions with economic modelling, lending analytics, market-risk simulations and financial forecasting systems.