Policy rate has been increased by 0.25 percentage point to 7.00%

For RegCanary readers, the immediate priority is disciplined rate-risk governance: refresh ALM and IRRBB assumptions, test deposit beta and asset repricing, and assess IFRS 9 credit-loss sensitivity, especially in consumer and real-estate exposures. Banks and credit unions should align product pricing and variable-rate disclosures with fair-treatment expectations, while treasury and investment teams revalue fixed-income portfolios and review liquidity buffers. Insurers and pension funds should reassess discount-rate and valuation assumptions; fintechs and payment firms should review partner funding arrangements and customer communications.

ALCO and board packs should reflect the revised policy-rate path, with clear escalation for margin compression and credit deterioration. Monitor the CBA press conference and Transparency Report for guidance on transmission and the future path. No new licensing or reporting obligation is announced, but firms should document decision-making and be ready to explain rate-driven customer outcomes to supervisors.