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RBA held the cash rate in August 2026: what should mortgage borrowers check?
The RBA left its cash rate target at 4.35% on 11 August 2026 after three increases earlier in the year. Here is what that decision does, and does not, tell you about your own loan.
The RBA held the cash rate target at 4.35% on 11 August 2026. That is a policy rate, not your individual mortgage rate. Check your lender’s actual notice, loan type and repayments before assuming your loan is unchanged.
What happened?
The Reserve Bank of Australia said its Monetary Policy Board left the cash rate target unchanged at 4.35% at its 11 August 2026 meeting. The Board noted that it had already increased the target three times during 2026 and wanted more time to assess the effect on the economy.
This article describes the decision as at 11 August 2026. Later RBA decisions or lender pricing changes may supersede it.
Does a hold mean my home loan rate will stay the same?
No. The cash rate influences funding conditions, but each lender prices and changes its own products. Your fixed or variable terms, lender notices and effective date determine what happens to your loan. A cash rate hold is not a promise that every mortgage rate will be held.
What can borrowers do now?
Use your current loan statement and lender notice rather than a headline rate. If you are considering refinancing, compare the full cost and features of the replacement loan, including fees and any costs of leaving your existing loan.
- Check whether your loan is fixed, variable or split, and when any fixed period ends.
- Compare your current repayment with a higher-rate scenario that fits your budget.
- If repayments are becoming difficult, contact your lender early about available support.
Official sources
- RBA — Monetary Policy Decision, 11 August 2026 ↗
- RBA — cash rate target overview ↗
- ASIC MoneySmart — choosing a home loan ↗
This article explains a past announcement and is not personal credit, legal or financial advice. Recheck the latest RBA decision and any lender rate changes before approval.