As the Reserve Bank of Australia deliberates its monetary policy for September, the nation’s leading financial institutions – the Commonwealth Bank of Australia, Westpac, National Australia Bank, and ANZ – have delivered a unanimous verdict: no rate cut is on the horizon this month.

Their collective analysis of economic indicators strongly suggests that any potential movement in the cash rate will be deferred until November, taking the cash rate from its current 3.60 per cent to 3.35 per cent by the end of the year, with Westpac noting it expects a further 50 basis points of easing in 2026.

However, this suggests that the RBA is likely to hold its cash rate steady at its September 29–30 meeting, following a 0.25 per cent rate cut in August.

It comes as Australian Bureau of Statistics da

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