Mark Stevenson
Mark is the Managing Director of Evolve Lending & Finance. Mark held senior roles in asset finance, consumer credit risk analysis, finance advisory and mortgage broking.
BREAKING: RBA Lifts Cash Rate to 4.35%
BREAKING: RBA Lifts Cash Rate to 4.35%
Mark Stevenson, Managing Director of Evolve Lending & Finance, was featured in The Western Weekender following the Reserve Bank of Australia’s May 2026 decision to lift the official cash rate by 0.25 per cent, taking it from 4.10 per cent to 4.35 per cent.
The RBA said inflation was likely to remain above target for some time and that risks remained tilted to the upside, including the risk of inflation expectations becoming harder to contain. The decision was not unanimous, with eight members voting to increase the cash rate and one member voting to leave it unchanged at 4.10 per cent.
Mark said the latest increase would add further pressure for mortgage holders, particularly borrowers with larger loans, variable-rate facilities, expiring fixed rates or limited repayment buffers. He noted that while the headline rate decision attracts attention, the real issue for borrowers is how the increase affects repayments, borrowing capacity, refinancing options and overall loan structure.
For many households, another rate rise is a reminder to review whether their current lending setup still suits their position. If the latest RBA decision has affected your repayments, refinancing options or broader lending strategy, contact Evolve Lending & Finance to review your current loan structure and understand what options may be available.
