In an 8-1 decision, the RBA’s Monetary Policy Board elected to increase the cash rate by 25bp to 4.35%.
05 May 2026 | 2 min read
5 May 2026
Key points
- We now expect the RBA to lift rates again in June, taking the cash rate to 4.60%.
- The decision in May by the RBA Monetary Policy Board, while not quite unanimous, showed a clear preference to prioritise the price stability.
The RBA continues to face the challenge of already above target inflation, with second-round pressures from higher oil prices to flow through relatively quickly.
Click below to read the full report:
RBA Watch: NAB now expects the RBA to increase rates in June (PDF, 296KB)
