RBA decisions · 1997
RBA interest rate decisions in 1997
In 1997, the RBA made 13 cash rate decisions: 2 cuts and 11 holds. The cash rate target moved from 6.00% to 5.00%, down 1.00 percentage points.
Cash rate target in 1997
Source: Reserve Bank of Australia, cash rate target.
Official record
Every 1997 decision
| Date | Decision | New target | Change | Details |
|---|---|---|---|---|
| 4 Feb 1997 | hold | 6.00% | No change | Decision page |
| 4 Mar 1997 | hold | 6.00% | No change | Decision page |
| 1 Apr 1997 | hold | 6.00% | No change | Decision page |
| 6 May 1997 | hold | 6.00% | No change | Decision page |
| 22 May 1997 | cut | 5.50% | −50 bp | Decision page |
| 3 June 1997 | hold | 5.50% | No change | Decision page |
| 1 July 1997 | hold | 5.50% | No change | Decision page |
| 29 July 1997 | cut | 5.00% | −50 bp | Decision page |
| 5 Aug 1997 | hold | 5.00% | No change | Decision page |
| 2 Sept 1997 | hold | 5.00% | No change | Decision page |
| 7 Oct 1997 | hold | 5.00% | No change | Decision page |
| 4 Nov 1997 | hold | 5.00% | No change | Decision page |
| 2 Dec 1997 | hold | 5.00% | No change | Decision page |