History
RBA Cash Rate History — Page 2
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 |
|---|---|---|---|---|---|
| 6 July 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 1 June 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 4 May 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 6 Apr 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 2 Mar 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 2 Feb 2021 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 1 Dec 2020 | hold | 0.10% | 0.10% | No change | RBA decision details |
| 3 Nov 2020 | cut | 0.25% | 0.10% | -0.15 percentage points(-15bp) | RBA decision details |
| 6 Oct 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 1 Sept 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 4 Aug 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 7 July 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 2 June 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 5 May 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 7 Apr 2020 | hold | 0.25% | 0.25% | No change | RBA decision details |
| 19 Mar 2020 | cut | 0.50% | 0.25% | -0.25 percentage points(-25bp) | RBA decision details |
| 3 Mar 2020 | cut | 0.75% | 0.50% | -0.25 percentage points(-25bp) | RBA decision details |
| 4 Feb 2020 | hold | 0.75% | 0.75% | No change | RBA decision details |
| 3 Dec 2019 | hold | 0.75% | 0.75% | No change | RBA decision details |
| 5 Nov 2019 | hold | 0.75% | 0.75% | No change | RBA decision details |
| 1 Oct 2019 | cut | 1.00% | 0.75% | -0.25 percentage points(-25bp) | RBA decision details |
| 3 Sept 2019 | hold | 1.00% | 1.00% | No change | RBA decision details |
| 6 Aug 2019 | hold | 1.00% | 1.00% | No change | RBA decision details |
| 2 July 2019 | cut | 1.25% | 1.00% | -0.25 percentage points(-25bp) | RBA decision details |
| 4 June 2019 | cut | 1.50% | 1.25% | -0.25 percentage points(-25bp) | RBA decision details |
| 7 May 2019 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 2 Apr 2019 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 5 Mar 2019 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 5 Feb 2019 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 4 Dec 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 6 Nov 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 2 Oct 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 4 Sept 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 7 Aug 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 3 July 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 5 June 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 1 May 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 3 Apr 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 6 Mar 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 6 Feb 2018 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 5 Dec 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 7 Nov 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 3 Oct 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 5 Sept 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 1 Aug 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 4 July 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 6 June 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 2 May 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 4 Apr 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 7 Mar 2017 | hold | 1.50% | 1.50% | 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.