RBADayRate clarity for Australia

RBA decisions · 2023

RBA interest rate decisions in 2023

In 2023, the RBA made 11 cash rate decisions: 5 increases and 6 holds. The cash rate target moved from 3.10% to 4.35%, up 1.25 percentage points.

Cash rate target in 2023

RBA cash rate target during 2023, from 3.10% to 4.35%2.75%3.00%3.25%3.50%3.75%4.00%4.25%4.50%Feb 23Apr 23June 23Aug 23Oct 23Dec 23

Source: Reserve Bank of Australia, cash rate target.

Official record

Every 2023 decision

DateDecisionNew targetChangeDetails
7 Feb 2023hike3.35%+25 bpDecision page
7 Mar 2023hike3.60%+25 bpDecision page
4 Apr 2023hold3.60%No changeDecision page
2 May 2023hike3.85%+25 bpDecision page
6 June 2023hike4.10%+25 bpDecision page
4 July 2023hold4.10%No changeDecision page
1 Aug 2023hold4.10%No changeDecision page
5 Sept 2023hold4.10%No changeDecision page
3 Oct 2023hold4.10%No changeDecision page
7 Nov 2023hike4.35%+25 bpDecision page
5 Dec 2023hold4.35%No changeDecision page
2022 decisions 2024 decisions Full cash rate history Download all decisions (CSV)