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Australia Interest Rate

Last Release
Sep 2021
Actual
0.1 %
Forecast
0.1 %
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
Oct 5, 2021
Time to Release
7 Days 14 Hours
Highest
Lowest
Average
Date Range
Source
17.5 %
Jan 1990
0.1 %
Nov 2020
4 %1990 - 2021Reserve 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 outbreak of the Delta variant had interrupted the recovery in a manner that was more severe than expected a month earlier, minutes of the Reserve Bank of Australia’s September policy meeting showed. "GDP was expected to decline materially in Q3; the near-term outlook resembled the downside scenario presented in the most recent forecasts," it added. Beyond Q3, members agreed that the timing and pace of the rebound in economic activity would depend largely on the lifting of restrictions in response to health outcomes. Whatever the pace of recovery, the central bank still expects to keep rates at 0.1% until at least 2024 as its struggles to lift wage growth and inflation. On bond-buying, members assessed that, on balance, tapering remained appropriate, as Australia's economy is expected to return to its pre-Delta path by mid-2022. "At $4 billion a week, the bank's bond purchase is expanding faster relative to the stock of bonds outstanding than that of many other central banks."

Australia Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 21, 202103:14No Rate Hike on RBA's Horizon: September Minutes
Sep 14, 202104:56RBA Sees GDP Down Sharply in Q3, Rebounding in Q4
Sep 7, 202105:17Australia Holds Rates,Sticks With Taper Plan
Aug 17, 202102:44Recent Outbreaks Interrupt Recovery: RBA Minutes
Aug 6, 202102:36Recent Virus Outbreaks Interrupt Recovery: RBA
Aug 3, 202104:34RBA Holds Rates, Sticks with Taper Plan
Jul 20, 202104:02Australia Economic Recovery to Continue: RBA Minutes
DATETIMEEVENTActual
Sep 7, 202104:30RBA Interest Rate Decision0.1 %
Aug 3, 202104:30RBA Interest Rate Decision0.1 %
Jul 6, 202104:30RBA Interest Rate Decision0.1 %
Jun 1, 202104:30RBA Interest Rate Decision0.1 %
May 4, 202104:30RBA Interest Rate Decision0.1 %
Apr 6, 202104:30RBA Interest Rate Decision0.1 %
Nov 3, 202003:30RBA Interest Rate Decision0.1 %

Australia money Indicators

All Australia indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
5,169.5
Mar 2021
5,283.4
Dec 2020
322.97
Mar 1990
5,510.55
Mar 2020
AUD BillionQuarterly1990 - 2021
Central Bank Balance Sheet
589,853
Sep 2021
586,602
Sep 2021
30,418
Dec 1994
589,853
Sep 2021
AUD MillionWeekly1994 - 2021
Deposit Interest Rate
0.1
Aug 2021
0.1
Jul 2021
0.1
Feb 2021
17.25
Oct 1989
%Monthly1981 - 2021
Foreign Exchange Reserves
78,658
Aug 2021
64,001
Jul 2021
1,126
Dec 1969
90,562
Mar 2020
AUD MillionMonthly1969 - 2021
Interbank Rate
1.22
Sep 2019
1.1
Aug 2019
1.1
Jul 2019
18.18
Aug 1986
%Monthly1986 - 2019
Interest Rate
0.1
Sep 2021
0.1
Aug 2021
0.1
Nov 2020
17.5
Jan 1990
%Daily1990 - 2021

Interest Rate across Pacific

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
0.1
Sep 2021
0.1
Aug 2021
0.1
Nov 2020
17.5
Jan 1990
%Daily1990 - 2021
Fiji
0.25
Aug 2021
0.25
Jul 2021
0.25
Mar 2020
2.5
Dec 2010
%Daily2010 - 2021
New Caledonia
0.25
Aug 2021
0.25
Jul 2021
0.25
Nov 2018
3
Dec 2008
%Daily2008 - 2021
New Zealand
0.25
Aug 2021
0.25
Jul 2021
0.25
Mar 2020
67.32
Mar 1985
%Daily1985 - 2021
Papua New Guinea
3
Sep 2021
3
Aug 2021
3
Apr 2020
16
Jul 2003
%Daily2001 - 2021

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