News
11 October, 2025
RBA hits pause on rates after cuts
The Reserve Bank of Australia maintained the cash rate at 3.6 per cent at its September board meeting, pausing after three reductions since February.
The decision was widely anticipated, with the bank indicating it will wait for September-quarter inflation figures, due October 29, before reviewing policy at its November meeting.
Monthly inflation data pointed to potential upside risks, particularly in housing, while labour conditions remained tight. National unemployment held steady at 4.2 per cent in August, though job growth slowed and vacancies continued to ease.
In Queensland, housing market momentum has picked up since February. According to Cotality’s Home Value Index, Brisbane dwelling values rose 7.9 per cent over the past year, with gains across both capital and regional markets. Housing supply remains constrained, with national advertised listings in September almost 15 per cent lower than a year earlier and around 20 per cent below the five-year average. Brisbane experienced similarly low stock levels, while sales volumes are running above average, highlighting the imbalance between supply and demand.
The Reserve Bank will next meet on November 3–4. At that meeting, the board will have September-quarter CPI data, which economists say will be central to deciding whether rates remain on hold or are cut again.
