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4 November, 2025

Mortgage holders Melbourne Cup Day losers

The Reserve Bank of Australia (RBA), held the cash rate at 3.6 today.

By Sarah James

The Reserve Bank - supplied.
The Reserve Bank - supplied.

The Reserve Bank of Australia (RBA), held the cash rate at 3.6% today. 

The Reserve Bank of Australia (RBA), as predicted by economists and banks, held the cash rate at 3.6% today. 

 A report released last week confirmed that Core inflation rose to 3% in September, its highest level since June 2024. The unemployment rate has jumped to 4.5 per cent, its highest level since November 2021. 

 “The board’s judgment is that some of the increase in underlying inflation in the September quarter was due to temporary factors,” the RBA board said in its statement.

 “The central forecast in the November Statement on Monetary Policy, which is based on a technical assumption of one more rate cut in 2026, has underlying inflation rising above 3 per cent in coming quarters before settling at 2.6 per cent in 2027,” the RBA statement said. 

 The RBA added the labour market remains a “little tight”, with 4.5% being its highest level since November 2021. 

 The RBA has cut interest rates three times in 2025, easing pressure on mortgage holders whilst creating house price inflation across the nation. 

 The RBA’s will make its final interest rate decision for 2025 following its December 8-9 meetings. 

 

 

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