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What is the cash rate and how does it affect you?

The cash rate is set by the Reserve Bank of Australia, and represents the cost of doing business for banks, which in turn affects the interest rates charged to consumers.

Written by
Alasdair Duncan
Alasdair Duncan Deputy Finance Editor
Deputy Finance Editor
Edited by
Nina Rinella
Nina Rinella Editor-in-Chief
Editor-in-Chief
calendar 02 Oct 2025
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