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Australia Interest Rate
Last Release
Jul 08, 2025
Actual
3.85
Units In
%
Previous
3.85
Frequency
Daily
Next Release
Aug 12, 2025
Time to Release
1 Months 2 Days 3 Hours
Highest | Lowest | Average | Date Range | Source |
17.5 Jan 1990 | 0.1 Nov 2020 | 3.88 % | 1990-2025 | 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
While Australia’s inflation has remained within target for two consecutive quarters, risks persist due to elevated unit labor costs and weak productivity, which could push inflation above forecasts, Reserve Bank Governor Michele Bullock said in a press briefing after an interest rate decision today. She stressed the need for more data—including June quarter CPI, labor market updates, and global developments—before taking further action. The board was united in direction but split on timing, with six members voting to hold and three favoring a rate cut, citing softer data and global risks. Bullock said fears of a severe global downturn tied to trade tensions have eased, but the international backdrop remains fragile, especially after fresh tariff escalations between the U.S. and China. Still, she emphasized that Australia’s closer ties to China offer some insulation from U.S.-led shocks. The RBA remains cautious, committed to its inflation and employment goals amid global uncertainty.
Australia Interest Rate History
Last 12 readings