Australia Interest Rate
Last Release
Oct 2019
Actual
0.75 %
Forecast
0.75 %
Previous
1 %
Frequency
Daily
Units In
%
Next Release
Nov 5, 2019
Time to Release
12 Days 18 Hours
Scroll for more details
Highest | Lowest | Average | Date Range | Source |
17.5 %} Jan 1990 | 0.75 % Oct 2019 | 4.35 % | 1990 - 2019 | Reserve Bank of Australia |
In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.
Latest Updates
The Reserve Bank of Australia lowered its cash rate by 25 bps to a new record low of 0.75 percent during its September meeting, the third rate cut this year, aiming to support employment and income growth and to provide greater confidence that inflation will be consistent with the medium-term target. Policymakers also signalled the need for an extended period of low interest rates, while saying the central bank is prepared to ease monetary policy further if needed.
Australia Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Oct 1, 2019 | 09:31 | RBA Cuts Rates to All-Time Low |
| Sep 24, 2019 | 11:48 | RBA Ready to Slash Interest Rates Further if Needed |
| Sep 3, 2019 | 09:56 | Australia Holds Cash Rate Steady at 1% |
| Aug 6, 2019 | 09:10 | RBA Keeps Cash Rate on Hold at 1% |
| Jul 2, 2019 | 05:09 | RBA Cuts Cash Rate Again to Fresh Record Low of 1% |
| Jun 4, 2019 | 08:43 | RBA Cuts Cash Rate to Fresh Record Low |
| May 7, 2019 | 10:40 | Australia Leaves Monetary Policy Unchanged |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT |
|---|---|---|
| Oct 15, 2019 | 00:30 | RBA Meeting Minutes |
| Oct 11, 2019 | 00:30 | RBA Financial Stability Review |
| Sep 17, 2019 | 01:30 | RBA Meeting Minutes |
| Aug 20, 2019 | 01:30 | RBA Meeting Minutes |
| Aug 9, 2019 | 01:30 | RBA Statement on Monetary Policy |
| Jul 16, 2019 | 01:30 | RBA Meeting Minutes |
| Jun 18, 2019 | 01:30 | RBA Meeting Minutes |
A Look at the Markets
Educational Pieces on Marco Indicators
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Australia money Indicators
All Australia indicatorsScroll for more details
Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Banks Balance Sheet | 4,483.06 Jun 2019 | 4,404.79 Mar 2019 | 322.97 Mar 1990 | 4,483.06 Jun 2019 | AUD Billion | Quarterly | 1990 - 2019 |
| Central Bank Balance Sheet | 174,180 Oct 2019 | 174,749 Oct 2019 | 30,418 Dec 1994 | 202,663 May 2018 | AUD Million | Weekly | 1994 - 2019 |
| Deposit Interest Rate | 1.35 Sep 2019 | 1.45 Aug 2019 | 1.35 Sep 2019 | 17.25 Oct 1989 | % | Monthly | 1981 - 2019 |
| Foreign Exchange Reserves | 69,039 Sep 2019 | 72,210 Aug 2019 | 1,126 Dec 1969 | 88,457 May 2017 | AUD Million | Monthly | 1969 - 2019 |
| Interbank Rate | 1.22 Sep 2019 | 1.1 Aug 2019 | 1.1 Jul 2019 | 18.18 Aug 1986 | % | Monthly | 1986 - 2019 |
| Interest Rate | 0.75 Oct 2019 | 1 Sep 2019 | 0.75 Oct 2019 | 17.5 Jan 1990 | % | Daily | 1990 - 2019 |
Interest Rate across Pacific
Interest Rate global viewScroll for more details
Country | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Australia | 0.75 Oct 2019 | 1 Sep 2019 | 0.75 Oct 2019 | 17.5 Jan 1990 | % | Daily | 1990 - 2019 |
| Fiji | 0.5 Sep 2019 | 0.5 Aug 2019 | 0.5 Feb 2019 | 2.5 Dec 2010 | % | Daily | 2010 - 2019 |
| New Caledonia | 0.25 Sep 2019 | 0.25 Aug 2019 | 0.25 Nov 2018 | 3 Dec 2008 | % | Daily | 2008 - 2019 |
| New Zealand | 1 Sep 2019 | 1 Aug 2019 | 1 Aug 2019 | 67.32 Mar 1985 | % | Daily | 1985 - 2019 |
| Papua New Guinea | 5.5 Sep 2019 | 5.5 Aug 2019 | 5.5 Aug 2019 | 16 Jul 2003 | % | Daily | 2001 - 2019 |