The Reserve Bank of Australia left its cash rate unchanged at 3.60% at its December 2025 monetary policy meeting, the last scheduled rate decision of the calendar year. The decision was unanimous, the bank confirmed in a statement published on its website.
Over the course of 2025 the RBA delivered three rate reductions while choosing to hold at five separate meetings, producing a cumulative easing of 75 basis points across the year as a whole. The December hold came as inflation had picked up in recent months.
BOARD'S ASSESSMENT
The board judged that the risks to inflation had tilted to the upside and that it would take a little longer to assess the persistence of inflationary pressures.