The Reserve Bank of Australia's Monetary Policy Board meets eight times in 2027 and announces its cash rate decision at 2:30 pm Sydney time on the second day of each meeting. The dates are below, with the time in Brisbane and what a decision does and does not change for a loan.
loan-o is a Brisbane finance broker based in Milton. We compare business and personal finance across a panel of 50+ bank and non-bank lenders. We do not forecast the cash rate, and this page lists dates and facts only.
The 2027 calendar
RBA decision dates in 2027
Decisions are announced at 2:30 pm Sydney time, with a media conference at 3:30 pm. Four of the meetings (February, May, August and November) also come with the Statement on Monetary Policy, the RBA's quarterly forecasts.
| Meeting | Decision announced | Statement on Monetary Policy |
|---|---|---|
| 8-9 February 2027 | 9 February 2027 | Yes |
| 22-23 March 2027 | 23 March 2027 | No |
| 3-4 May 2027 | 4 May 2027 | Yes |
| 21-22 June 2027 | 22 June 2027 | No |
| 9-10 August 2027 | 10 August 2027 | Yes |
| 27-28 September 2027 | 28 September 2027 | No |
| 1-2 November 2027 | 2 November 2027 | Yes |
| 13-14 December 2027 | 14 December 2027 | No |
What time is the decision in Brisbane?
The RBA publishes the time as 2:30 pm Sydney time. Queensland does not use daylight saving, so Brisbane is one hour behind Sydney while Sydney is on daylight saving time. That makes the February, March, November and December decisions 1:30 pm in Brisbane. The May, June, August and September decisions are 2:30 pm in Brisbane.
Where the cash rate stands now
The cash rate target is 4.85%. The RBA raised it by 25 basis points on 3 November 2026, the fifth increase of the year, and the change took effect on 4 November. The decision was by majority, with six members voting to increase and three voting to hold at 4.60%. The Board's last meeting of 2026 is on 7 and 8 December, with the decision announced on 8 December at 2:30 pm Sydney time.
What a decision means for a loan
- A variable rate can change after a decision, depending on the lender. A fixed rate stays the same for the fixed period.
- A cash rate change does not move every loan by the same amount or at the same time. Lenders also price for the borrower, the security, the structure and their own costs, which is especially true of business and equipment finance.
- A decision tells you about the cost of funds across the market. It does not tell you what a particular lender will offer you.
Questions to ask your lender or broker
The RBA's dates are published in advance, but the decisions are not. If you are weighing up a purchase or a refinance, compare the whole cost of the offers in front of you rather than waiting on a prediction.
- Is my rate fixed or variable, and when can it change?
- How will a cash rate change flow through to my repayments, and when?
- What happens to my repayments if my lender changes its rate between decisions?
- What would it cost to refinance or pay out early if I decide to switch?
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Sources
- Reserve Bank of Australia. Board Meeting Schedules. Monetary Policy Board meeting dates for 2027. Retrieved 9 November 2026.
- Reserve Bank of Australia. Yearly Calendar. Decision announcement dates and times for 2026 and 2027, and the months with a Statement on Monetary Policy. Retrieved 9 November 2026.
- Reserve Bank of Australia. Cash Rate Target. RBA Statistics. The cash rate target of 4.85% took effect on 4 November 2026. Retrieved 9 November 2026.
- Reserve Bank of Australia. Statement by the Monetary Policy Board: Monetary Policy Decision. 3 November 2026. Retrieved 9 November 2026.
Finance is subject to lender approval, lending criteria, terms, conditions, fees and charges. The information in this article is general and does not take into account your personal or business needs. It should not be treated as personal financial, tax, legal or credit advice.
Last reviewed: 9 November 2026. This content provides general information only. It should not be treated as personal financial, tax, legal or credit advice.
Frequently asked questions.
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Eight times. The Monetary Policy Board meets on 8-9 February, 22-23 March, 3-4 May, 21-22 June, 9-10 August, 27-28 September, 1-2 November and 13-14 December 2027, and announces each decision on the second day.
At 2:30 pm Sydney time, with a media conference at 3:30 pm. In Brisbane that is 1:30 pm for the February, March, November and December decisions and 2:30 pm for the May, June, August and September decisions, because Queensland does not use daylight saving.
The cash rate target is 4.85%, after the RBA raised it by 25 basis points on 3 November 2026. The change took effect on 4 November.
The next meeting is on 7 and 8 December 2026, with the decision announced on 8 December at 2:30 pm Sydney time. The first meeting of 2027 is on 8 and 9 February.
No. The cash rate influences funding conditions, but a lender also prices for the borrower, the security, the structure and its own costs. A variable rate can change after a decision depending on the lender, and a fixed rate stays the same for the fixed period.
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