History
RBA Cash Rate History
Official cash rate target decisions since 1990, with a historical chart, downloadable data and each change shown in percentage points and basis points.
Current cash rate target
4.85%
Effective 2026-11-04
Verified 2026-11-10
Recent cash rate targets
Decision targets · %
Chart scale: 3.29%–5.16%.
Each bar is a decision in date order. Focus or tap a bar to see its exact target; all values are also listed in the official record below.
Since 1990
The cash rate target over time
Source: Reserve Bank of Australia, cash rate target (CC BY 4.0). Every value is listed in the official record below. Free to reuse with attribution to the RBA.
Recent decisions
Official record
Scroll sideways to view every column.
| Date | Decision | Previous | New target | Change | Source |
|---|---|---|---|---|---|
| 3 Nov 2026 | hike | 4.60% | 4.85% | +0.25 percentage points(25bp) | RBA decision details |
| 29 Sept 2026 | hike | 4.35% | 4.60% | +0.25 percentage points(25bp) | RBA decision details |
| 11 Aug 2026 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 16 June 2026 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 5 May 2026 | hike | 4.10% | 4.35% | +0.25 percentage points(25bp) | RBA decision details |
| 17 Mar 2026 | hike | 3.85% | 4.10% | +0.25 percentage points(25bp) | RBA decision details |
| 3 Feb 2026 | hike | 3.60% | 3.85% | +0.25 percentage points(25bp) | RBA decision details |
| 9 Dec 2025 | hold | 3.60% | 3.60% | No change | RBA decision details |
| 4 Nov 2025 | hold | 3.60% | 3.60% | No change | RBA decision details |
| 30 Sept 2025 | hold | 3.60% | 3.60% | No change | RBA decision details |
| 12 Aug 2025 | cut | 3.85% | 3.60% | -0.25 percentage points(-25bp) | RBA decision details |
| 8 July 2025 | hold | 3.85% | 3.85% | No change | RBA decision details |
| 20 May 2025 | cut | 4.10% | 3.85% | -0.25 percentage points(-25bp) | RBA decision details |
| 1 Apr 2025 | hold | 4.10% | 4.10% | No change | RBA decision details |
| 18 Feb 2025 | cut | 4.35% | 4.10% | -0.25 percentage points(-25bp) | RBA decision details |
| 10 Dec 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 5 Nov 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 24 Sept 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 6 Aug 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 18 June 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 7 May 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 19 Mar 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 6 Feb 2024 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 5 Dec 2023 | hold | 4.35% | 4.35% | No change | RBA decision details |
| 7 Nov 2023 | hike | 4.10% | 4.35% | +0.25 percentage points(25bp) | RBA decision details |
| 3 Oct 2023 | hold | 4.10% | 4.10% | No change | RBA decision details |
| 5 Sept 2023 | hold | 4.10% | 4.10% | No change | RBA decision details |
| 1 Aug 2023 | hold | 4.10% | 4.10% | No change | RBA decision details |
| 4 July 2023 | hold | 4.10% | 4.10% | No change | RBA decision details |
| 6 June 2023 | hike | 3.85% | 4.10% | +0.25 percentage points(25bp) | RBA decision details |
| 2 May 2023 | hike | 3.60% | 3.85% | +0.25 percentage points(25bp) | RBA decision details |
| 4 Apr 2023 | hold | 3.60% | 3.60% | No change | RBA decision details |
| 7 Mar 2023 | hike | 3.35% | 3.60% | +0.25 percentage points(25bp) | RBA decision details |
| 7 Feb 2023 | hike | 3.10% | 3.35% | +0.25 percentage points(25bp) | RBA decision details |
| 6 Dec 2022 | hike | 2.85% | 3.10% | +0.25 percentage points(25bp) | RBA decision details |
| 1 Nov 2022 | hike | 2.60% | 2.85% | +0.25 percentage points(25bp) | RBA decision details |
| 4 Oct 2022 | hike | 2.35% | 2.60% | +0.25 percentage points(25bp) | RBA decision details |
| 6 Sept 2022 | hike | 1.85% | 2.35% | +0.50 percentage points(50bp) | RBA decision details |
| 2 Aug 2022 | hike | 1.35% | 1.85% | +0.50 percentage points(50bp) | RBA decision details |
| 5 July 2022 | hike | 0.85% | 1.35% | +0.50 percentage points(50bp) | RBA decision details |
| 7 June 2022 | hike | 0.35% | 0.85% | +0.50 percentage points(50bp) | RBA decision details |
| 3 May 2022 | hike | 0.10% | 0.35% | +0.25 percentage points(25bp) | RBA decision details |
| 5 Apr 2022 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 1 Mar 2022 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 1 Feb 2022 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 7 Dec 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 2 Nov 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 5 Oct 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 7 Sept 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 3 Aug 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
Early 1990 target ranges are omitted because they cannot be represented as a single target. See the official RBA table for those records.
Rates shown are the RBA cash rate target. A 25bp change is 0.25 percentage points — not 25 per cent.