RBA decisions · 1996

RBA interest rate decisions in 1996

In 1996, the RBA made 11 cash rate decisions: 3 cuts and 8 holds. The cash rate target moved from 7.50% to 6.00%, down 1.50 percentage points.

Cash rate target in 1996

Source: Reserve Bank of Australia, cash rate target.

Official record

Every 1996 decision

Date	Decision	New target	Change	Details
6 Feb 1996	hold	7.50%	No change	Decision page
5 Mar 1996	hold	7.50%	No change	Decision page
2 Apr 1996	hold	7.50%	No change	Decision page
7 May 1996	hold	7.50%	No change	Decision page
4 June 1996	hold	7.50%	No change	Decision page
2 July 1996	hold	7.50%	No change	Decision page
30 July 1996	cut	7.00%	−50 bp	Decision page
3 Sept 1996	hold	7.00%	No change	Decision page
1 Oct 1996	hold	7.00%	No change	Decision page
5 Nov 1996	cut	6.50%	−50 bp	Decision page
10 Dec 1996	cut	6.00%	−50 bp	Decision page