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Second hike likely in May after RBA lifts cash rate to 3.85%

The Reserve Bank of Australia has raised interest rates for the first time since 2023 and signalled another move is on the table.

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RBA Governor Michele Bullock

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The Reserve Bank of Australia has raised interest rates for the first time since 2023 and signalled another move is on the table. CommBank Head of Australian Economics Belinda Allen unpacks the decision and looks at what could be next.

Interest rates sit behind many of the big economic issues people are navigating right now, from housing and rents to savings and everyday spending. CommBank Economist Harry Ottley explains.

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Interest rates explained: what they are and why they matter

Interest rates sit behind many of the big economic issues people are navigating right now, from housing and rents to savings and everyday spending.
2 February 2026

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Newsroom Insights

Insights, explainers and features exploring the economy and the latest financial news.

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Journalists and members of the media can contact the CBA Media team by calling 02 9595 3219 or email us via [email protected]. For all other enquiries, here's how to get in touch.

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