RBADayRate clarity for Australia

RBA decisions · 1998

RBA interest rate decisions in 1998

In 1998, the RBA made 11 cash rate decisions: 1 cut and 10 holds. The cash rate target moved from 5.00% to 4.75%, down 0.25 percentage points.

Cash rate target in 1998

RBA cash rate target during 1998, from 5.00% to 4.75%4.50%4.75%5.00%5.25%Feb 98Apr 98June 98Aug 98Oct 98Dec 98

Source: Reserve Bank of Australia, cash rate target.

Official record

Every 1998 decision

DateDecisionNew targetChangeDetails
3 Feb 1998hold5.00%No changeDecision page
3 Mar 1998hold5.00%No changeDecision page
7 Apr 1998hold5.00%No changeDecision page
5 May 1998hold5.00%No changeDecision page
2 June 1998hold5.00%No changeDecision page
7 July 1998hold5.00%No changeDecision page
4 Aug 1998hold5.00%No changeDecision page
1 Sept 1998hold5.00%No changeDecision page
6 Oct 1998hold5.00%No changeDecision page
3 Nov 1998hold5.00%No changeDecision page
1 Dec 1998cut4.75%−25 bpDecision page
1997 decisions 1999 decisions Full cash rate history Download all decisions (CSV)