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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 Content Editor
Content Editor
Edited by
Nina Rinella
Nina Rinella Editor-in-Chief
Editor-in-Chief
calendar 17 Sept 2025
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