𝕏 X · Trending nationally · #RBA
Economy · Interest Rates · Mortgages
RBA's 4.35% rate hike is now landing in accounts — all four big banks passed it on this week — X is erupting
The RBA raised the cash rate to 4.35% on 5 May in an 8-1 vote — the third hike this year — and all four major banks have now finished passing the full 25bp through to variable rate customers, effective 15 to 22 May. That means this week is the first week Australians with mortgages are seeing the full impact in their accounts. CBA economists say the RBA now has room to pause and assess, but a further hike to 4.6% by August remains fully priced by markets. First home buyers who entered in early 2026 have had three rate rises in their first months of ownership.
