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Australia Interest Rate

Last Release
Dec 2021
Actual
0.1 %
Forecast
0.1 %
Previous
0.1 %
Frequency
Daily
Units In
%
Next Release
Feb 1, 2022
Time to Release
15 Days 1 Hours
Highest
Lowest
Average
Date Range
Source
17.5 %
Jan 1990
0.1 %
Nov 2020
3.95 %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 Australian economy was rapidly recovering after the interruption to growth caused by the outbreak of the Delta variant of COVID-19, the Reserve Bank of Australia's (RBA) December meeting minutes showed. "High rates of vaccination and substantial policy support continued to underpin the recovery," it noted, adding that the emergence of the Omicron variant was a new source of uncertainty but it was not expected to derail the recovery. The board reiterated that it remained committed to holding interest rates steady at a record low of 0.1% while considering how and when to taper its A$4 billion bond-buying. The decision would depend on how the economy fared, with data on jobs, inflation, and spending particularly important. "The first option was to reduce the pace of purchases from mid-February with an expectation of a likely end point in May. The second option was to reduce the pace of purchases and review it again in May. The third option was to cease purchases altogether."

Australia Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 21, 202101:26RBA Sees Strong Recovery in 2022 Despite Omicron Threat
Dec 16, 202106:06QE Tapering Depends on Data: RBA Governor
Dec 7, 202103:38Australia Holds Rates, Says No Rush to Taper
Nov 16, 202101:51RBA Sees Economy to Rebound in Q4 and Q1
Nov 5, 202103:13RBA Says Economy to Rebound in Q4 and Q1
Nov 2, 202103:31RBA Drops Yield Target, Flags Earlier Rate Hike
Oct 19, 202101:55Australia's Economy to Bounce Back in Q4: RBA
DATETIMEEVENTActual
Jan 5, 202200:30RBA Chart Pack
Dec 7, 202103:30RBA Interest Rate Decision0.1 %
Nov 2, 202103:30RBA Interest Rate Decision0.1 %
Oct 5, 202103:30RBA Interest Rate Decision0.1 %
Sep 7, 202104:30RBA Interest Rate Decision0.1 %
Aug 3, 202104:30RBA Interest Rate Decision0.1 %
Jul 6, 202104:30RBA 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
633,814
Jan 2022
631,912
Jan 2022
30,418
Dec 1994
633,814
Jan 2022
AUD MillionWeekly1994 - 2022
Deposit Interest Rate
0.05
Dec 2021
0.05
Nov 2021
0.05
Sep 2021
17.25
Oct 1989
%Monthly1981 - 2021
Foreign Exchange Reserves
80,816
Dec 2021
80,837
Nov 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
Dec 2021
0.1
Nov 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
Dec 2021
0.1
Nov 2021
0.1
Nov 2020
17.5
Jan 1990
%Daily1990 - 2021
Fiji
0.25
Nov 2021
0.25
Oct 2021
0.25
Mar 2020
2.5
Dec 2010
%Daily2010 - 2021
New Caledonia
0.25
Oct 2021
0.25
Sep 2021
0.25
Nov 2018
3
Dec 2008
%Daily2008 - 2021
New Zealand
0.75
Dec 2021
0.75
Nov 2021
0.25
Mar 2020
67.32
Mar 1985
%Daily1985 - 2021
Papua New Guinea
3
Nov 2021
3
Oct 2021
3
Apr 2020
16
Jul 2003
%Daily2001 - 2021

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