Australian Interest Rates – Reserve Bank of Australia

The Australian Reserve Bank Cash Rate

The Australian cash rate is the overnight money market interest rate. It is used as the interest rate on unsecured overnight loans between banks.
Home Loan Interest rates are often affected by any changes in this rate, but not always.

19th March 2020 RBA Decision

At a special meeting today, the Board decided to lower the cash rate by 25 basis points to 0.25 per cent, effective 19th March 2020.

This is in response to the COVID-19 coronavirus.

3rd March 2020 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent, effective 4th March 2020.

The Australian major banks; Westpac, Commonwealth Bank, National Australia Bank and ANZ Bank immediately reduced their mortgage rates by the full 0.25% drop.

It was the first time the major banks had responded to an RBA rate cut by passing it on in full since February 2015.


1st October 2019 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent, effective 2 October 2019.


2nd July 2019 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent.

The next Reserve Bank Board Meeting to decide the Reserve Bank Cash Rate is on Tuesday 6th August 2019.


4th June 2019 RBA Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent.

The next Reserve Bank Board Meeting to decide the Reserve Bank Cash Rate is on Tuesday 2nd July 2019.

3rd October 2017 RBA Decision

The Reserve Bank of Australia has again left the Official cash rate unchanged at 1.5% at its October Board meeting

The next Reserve Bank Board Meeting to decide the Reserve Bank Cash Rate is on Tuesday 7th November 2017.

2 August 2016 RBA Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016.

4th May 2016 RBA Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.75 per cent, effective 5 May 2016.

5th May 2015 RBA Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.00 per cent, effective 6 May 2015.

3rd February 2015 RBA Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015.

History of RBA Cash Rate Changes

  • 1.00% July 2019
  • 1.25% June 2019
  • 1.50% August 2016
  • 1.75% May 2016
  • 2.00% May 2015
  • 2.25% February 2015
  • 2.50% August 2013
  • 2.75% July 2013
  • 2.75% June 2013
  • 2.75% May 2013
  • 3.00% April 2013
  • 3.00% March 2013
  • 3.00% February 2013
  • 3.00% December 2012
  • 3.25% November 2012
  • 3.25% October 2012
  • 3.50% September 2012
  • 3.50% August 2012
  • 3.50% July 2012
  • 3.50% June 2012
  • 3.75% May 2012
  • 4.25% April 2012
  • 4.25% March 2012
  • 4.25% February 2012
  • 4.25% December 2011
  • 4.50% November 2011
  • 4.75% October 2011
  • 4.75% September 2011
  • 4.75% August 2011
  • 4.75% July 2011
  • 4.75% June 2011
  • 4.75% November 2010
  • 4.50% October 2010
  • 4.50% September 2010
  • 4.50% August 2010
  • 4.50% July 2010
  • 4.50% June 2010
  • 4.50% May 2010
  • 4.25% April 2010
  • 4.00% March 2010
  • 3.75% February 2010
  • 3.75% January 2010
  • 3.75% December 2009
  • 3.50% November 2009

RBA Interest Rate Decisions – 2016

 



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