RBADayRate clarity for Australia

RBA decisions · 2008

RBA interest rate decisions in 2008

In 2008, the RBA made 11 cash rate decisions: 2 increases, 4 cuts and 5 holds. The cash rate target moved from 6.75% to 4.25%, down 2.50 percentage points.

Cash rate target in 2008

RBA cash rate target during 2008, from 6.75% to 4.25%4.0%4.5%5.0%5.5%6.0%6.5%7.0%7.5%Feb 08Apr 08June 08Aug 08Oct 08Dec 08

Source: Reserve Bank of Australia, cash rate target.

Official record

Every 2008 decision

DateDecisionNew targetChangeDetails
5 Feb 2008hike7.00%+25 bpDecision page
4 Mar 2008hike7.25%+25 bpDecision page
1 Apr 2008hold7.25%No changeDecision page
6 May 2008hold7.25%No changeDecision page
3 June 2008hold7.25%No changeDecision page
1 July 2008hold7.25%No changeDecision page
5 Aug 2008hold7.25%No changeDecision page
2 Sept 2008cut7.00%−25 bpDecision page
7 Oct 2008cut6.00%−100 bpDecision page
4 Nov 2008cut5.25%−75 bpDecision page
2 Dec 2008cut4.25%−100 bpDecision page
2007 decisions 2009 decisions Full cash rate history Download all decisions (CSV)