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Australia Interest Rate
Last Release
Jun 2021
Actual
0.1 %
Forecast
0.1 %
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
Jul 6, 2021
Time to Release
23 Days 16 Hours
Highest | Lowest | Average | Date Range | Source |
17.5 % Jan 1990 | 0.1 % Nov 2020 | 4.04 % | 1990 - 2021 | 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 left the cash rate unchanged at a record low of 0.75 percent during its December meeting, as policymakers assess the impact of the three cuts already delivered this year. The board added that they will continue to monitor the labor market and that it was reasonable to expect an extended period of low interest rates due to both global and domestic factors. Policymakers are also prepared to ease monetary policy further if needed to support growth.
Australia Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Dec 3, 2019 | 11:22 | RBA Holds Cash Rate Steady at 0.75% |
| Nov 5, 2019 | 10:34 | Australia Holds Cash Rate at Record Low of 0.75% |
| 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% |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Jun 1, 2021 | 04:30 | RBA Interest Rate Decision | 0.1 % |
| May 4, 2021 | 04:30 | RBA Interest Rate Decision | 0.1 % |
| Apr 6, 2021 | 04:30 | RBA Interest Rate Decision | 0.1 % |
| Nov 3, 2020 | 03:30 | RBA Interest Rate Decision | 0.1 % |
| Oct 6, 2020 | 03:30 | RBA Interest Rate Decision | 0.25 % |
| Sep 1, 2020 | 04:30 | RBA Interest Rate Decision | 0.25 % |
| Aug 4, 2020 | 04:30 | RBA Interest Rate Decision | 0.25 % |
Australia money Indicators
All Australia indicatorsIndicator | 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 Billion | Quarterly | 1990 - 2021 |
| Central Bank Balance Sheet | 461,875 Jun 2021 | 450,842 Jun 2021 | 30,418 Dec 1994 | 461,875 Jun 2021 | AUD Million | Weekly | 1994 - 2021 |
| Deposit Interest Rate | 0.1 May 2021 | 0.1 Apr 2021 | 0.1 Feb 2021 | 17.25 Oct 1989 | % | Monthly | 1981 - 2021 |
| Foreign Exchange Reserves | 62,122 May 2021 | 61,532 Apr 2021 | 1,126 Dec 1969 | 90,562 Mar 2020 | AUD Million | Monthly | 1969 - 2021 |
| Interbank Rate | 1.22 Sep 2019 | 1.1 Aug 2019 | 1.1 Jul 2019 | 18.18 Aug 1986 | % | Monthly | 1986 - 2019 |
| Interest Rate | 0.1 Jun 2021 | 0.1 May 2021 | 0.1 Nov 2020 | 17.5 Jan 1990 | % | Daily | 1990 - 2021 |
Interest Rate across Pacific
Interest Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Australia | 0.1 Jun 2021 | 0.1 May 2021 | 0.1 Nov 2020 | 17.5 Jan 1990 | % | Daily | 1990 - 2021 |
| Fiji | 0.25 May 2021 | 0.25 Apr 2021 | 0.25 Mar 2020 | 2.5 Dec 2010 | % | Daily | 2010 - 2021 |
| New Caledonia | 0.25 Apr 2021 | 0.25 Mar 2021 | 0.25 Nov 2018 | 3 Dec 2008 | % | Daily | 2008 - 2021 |
| New Zealand | 0.25 May 2021 | 0.25 Apr 2021 | 0.25 Mar 2020 | 67.32 Mar 1985 | % | Daily | 1985 - 2021 |
| Papua New Guinea | 3 Apr 2021 | 3 Mar 2021 | 3 Apr 2020 | 16 Jul 2003 | % | Daily | 2001 - 2021 |