Australia Interest Rates

Last ReleaseFeb 03, 2026

Previous3.6

FrequencyDaily

Next ReleaseMar 17, 2026

Time to Release0

Units In%

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

Reserve Bank of Australia Governor Michele Bullock said Tuesday that an interest rate hike remains possible as early as this month if inflation expectations become unanchored. Speaking at a business conference, she stressed that the board would not necessarily wait for the full first-quarter inflation data, due in late April, before making a decision. “Every meeting is live,” Bullock said, referring to the March 17 board meeting, adding that policymakers would assess whether they need to move more quickly. Markets have largely assumed the central bank would hold off until the first-quarter CPI report on April 29 and potentially act at the May 5 meeting. Bullock, however, said she wanted to “dissuade” markets from relying on that assumption, signaling flexibility and a readiness to tighten policy sooner if needed.

Historical Data

Highest	Lowest	Average	Date Range	Source
17.5	0.1	3.87 %	1990-2026	Reserve Bank of Australia