RBA rate tracker: which lenders are passing on the February 2026 cash rate hike?
Here's every bank and lender who is passing on the RBA's February 2026 cash rate hike and when.
Key takeaways
- The Reserve Bank hiked the cash rate to 3.85% on 3 February 2026.
- We can expect most lenders to pass this rate hike on to borrowers.
- We're tracking every lender announcement right here.
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Which lenders have announced a rate increase?
Search for your lender in the table below. We will update this table as lenders announce rate hikes.
Why did the RBA increase the cash rate at its February 2026 meeting?
One of the Reserve Bank's priorities is to keep inflation at a reasonable level. That's a target band of 2-3%. Lately, inflation has been consistently running above 3%.
The Reserve Bank responded to the persistent inflation by lifting the official cash rate target. This is a benchmark interest rate that affects banks' short term borrowing costs.
Banks typically pass any cash rate increases on to consumers in the form of higher variable home loan rates.
Higher rates makes borrowing more expensive. This constrains borrowing activity and forces borrowers to pay more money in interest. This, in theory, drives down spending in other areas and reduces inflation.
My home loan rate went up, what should I do?
No one wants to spend more money on home loan repayments each month, but that's what a cash rate increase means.
If your lender has just announced a rate increase, here's what you can do:
- Figure out what this rate rise will cost. Use a calculator to work out how much your monthly repayments will increase. This helps you budget for higher costs.
- Compare home loan rates. Use the table here. While every lender will be increasing rates, there may still be better deals on the market, so it's worth comparing.
- Decide if it's time to switch. If you find a better deal elsewhere, it might be time to refinance. A lower rate can save you a lot of money.
Sources
More resources on Finder
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