RBA raises cash rate 25bp to 4.60% on 29 Sep 2026
On 29 Sep 2026 the Reserve Bank of Australia raised its official cash rate by 25 basis points to 4.60%, its fourth increase of 2026. The RBA said further increases remain possible if needed.
The desk brief
On 29 Sep 2026 the Reserve Bank of Australia raised its official cash rate by 25 basis points to 4.60%, its fourth increase of 2026. The RBA said further increases remain possible if needed.
A higher Australian cash rate and the implied lift in Australian yields tighten global risk budgets and raise discount-rate pressure on long-dated, commodity-linked credits. This is a conditional channel: higher benchmark yields in Australia can increase financing costs for commodity buyers and reduce investor risk appetite for extended-duration EM commodity credits such as USD bonds from South Africa and Angola, but actual repricing depends on swap/US Treasury moves and investor flows.
Monitor Australian sovereign and swap yields and any near-term South African/Angolan USD bond trading or issuance for signs of spread or demand change.
Sources & verification
Developing storyFurther independent confirmation is required.
- RBA raises official cash rate to 4.60% in fourth increase of 2026commbank.com.au (opens in a new tab)
- Australia says more hikes not off the table after raising rates to 15-year highreutersSource published (opens in a new tab)
Public references supporting this brief.