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Reserve Bank of Australia Increases Cash Rate to 3.85%

The Reserve Bank of Australia's Monetary Policy Board has increased the cash rate target by 25 basis points to 3.85%. This decision was made due to rising inflation and capacity pressures, with inflation expected to remain above target for some time.

Payments System Board Discusses Cash Distribution and Regulatory Framework

The Reserve Bank of Australia's Payments System Board met in March 2026 to discuss cash distribution, merchant card costs, payments system resilience, and account-to-account payments. The Board is considering a new regulatory framework for cash distribution services and potential amendments to card payment regulations, with a conclusions paper expected by end-March.