Reserve Bank of Australia Holds Cash Rate at 4.35% as Superannuation Inflows Bolster Equities
RBA Board maintains official cash rate, noting moderation in quarterly trimmed-mean inflation alongside resilient employment and superannuation asset growth.
By Dr. Cameron Scott, Ph.D. in Behavioral Economics • Reviewed by Devon Patel, CFA • Updated November 4, 2026
Primary Source: Reserve Bank of Australia
The Reserve Bank of Australia (RBA) Board concluded its monetary policy deliberations in Sydney, maintaining the official cash rate target at 4.35% while leaving exchange settlement account balances at 4.25%.
Key Policy Takeaways
- Inflation Moderation: Underlying trimmed-mean inflation eased to an annualized 3.4%, progressing toward the Board’s target 2–3% target band.
- Superannuation Capital Inflows: Mandatory Australian superannuation guarantee contributions continued to provide counter-cyclical liquidity across domestic fixed-income and equity markets.
- ASX 200 Market Response: The S&P/ASX 200 gained 0.8%, driven by heavy resource exporters and financial institutions as the Australian dollar stabilized at $0.6620 against the US Dollar.
Governor Michele Bullock emphasized that while headline price pressures have dissipated, service inflation and household property debt remain closely monitored variables before any future rate easing.
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