Reserve Bank Cash Rates Since 1990
Feb 5, 2008
The table shows monetary policy decisions taken by the Reserve Bank of Australia.
Monetary policy decisions are expressed in terms of a target for the cash rate, which is the overnight money market interest rate.
In everyday terms, the cash rate determines the interest rate that banks set for home mortgages and other loans.
| Released | Change in cash rate (Per cent) |
New cash rate target (Per cent) |
|
|---|---|---|---|
| 5 Feb 2008 | +0.25 | 7.00 | |
| 7 Nov 2007 | +0.25 | 6.75 | |
| 8 Aug 2007 | +0.25 | 6.50 | |
| 8 Nov 2006 | +0.25 | 6.25 | |
| 2 Aug 2006 | +0.25 | 6.00 | |
| 3 May 2006 | +0.25 | 5.75 | |
| 2 Mar 2005 | +0.25 | 5.50 | |
| 3 Dec 2003 | +0.25 | 5.25 | |
| 5 Nov 2003 | +0.25 | 5.00 | |
| 5 June 2002 | +0.25 | 4.75 | |
| 8 May 2002 | +0.25 | 4.50 | |
| 5 Dec 2001 | -0.25 | 4.25 | |
| 3 Oct 2001 | -0.25 | 4.50 | |
| 5 Sep 2001 | -0.25 | 4.75 | |
| 4 Apr 2001 | -0.50 | 5.00 | |
| 7 Mar 2001 | -0.25 | 5.50 | |
| 7 Feb 2001 | -0.50 | 5.75 | |
| 2 Aug 2000 | +0.25 | 6.25 | |
| 3 May 2000 | +0.25 | 6.00 | |
| 5 Apr 2000 | +0.25 | 5.75 | |
| 2 Feb 2000 | +0.50 | 5.50 | |
| 3 Nov 1999 | +0.25 | 5.00 | |
| 2 Dec 1998 | -0.25 | 4.75 | |
| 30 Jul 1997 | -0.50 | 5.00 | |
| 23 May 1997 | -0.50 | 5.50 | |
| 11 Dec 1996 | -0.50 | 6.00 | |
| 6 Nov 1996 | -0.50 | 6.50 | |
| 31 Jul 1996 | -0.50 | 7.00 | |
| 14 Dec 1994 | +1.00 | 7.50 | |
| 24 Oct 1994 | +1.00 | 6.50 | |
| 17 Aug 1994 | +0.75 | 5.50 | |
| 30 Jul 1993 | -0.50 | 4.75 | |
| 23 Mar 1993 | -0.50 | 5.25 | |
| 8 Jul 1992 | -0.75 | 5.75 | |
| 6 May 1992 | -1.00 | 6.50 | |
| 8 Jan 1992 | -1.00 | 7.50 | |
| 6 Nov 1991 | -1.00 | 8.50 | |
| 3 Sep 1991 | -1.00 | 9.50 | |
| 16 May 1991 | -1.00 | 10.50 | |
| 4 Apr 1991 | -0.50 | 11.50 | |
| 18 Dec 1990 | -1.00 | 12.00 | |
| 15 Oct 1990 | -1.00 | 13.00 | |
| 2 Aug 1990 | -1.00 | 14.00 | |
| 4 Apr 1990 | -1.00 to -1.50 | 15.00 to 15.50 | |
| 15 Feb 1990 | -0.50 | 16.50 to 17.00 | |
| 23 Jan 1990 | -0.50 to -1.00 | 17.00 to 17.50 | |
Source: Reserve Bank of Australia
Filed in: Reserve Bank
