History
RBA Cash Rate History — Page 3
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 |
|---|---|---|---|---|---|
| 7 Feb 2017 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 6 Dec 2016 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 1 Nov 2016 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 4 Oct 2016 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 6 Sept 2016 | hold | 1.50% | 1.50% | No change | RBA decision details |
| 2 Aug 2016 | cut | 1.75% | 1.50% | -0.25 percentage points(-25bp) | RBA decision details |
| 5 July 2016 | hold | 1.75% | 1.75% | No change | RBA decision details |
| 7 June 2016 | hold | 1.75% | 1.75% | No change | RBA decision details |
| 3 May 2016 | cut | 2.00% | 1.75% | -0.25 percentage points(-25bp) | RBA decision details |
| 5 Apr 2016 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 1 Mar 2016 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 2 Feb 2016 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 1 Dec 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 3 Nov 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 6 Oct 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 1 Sept 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 4 Aug 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 7 July 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 2 June 2015 | hold | 2.00% | 2.00% | No change | RBA decision details |
| 5 May 2015 | cut | 2.25% | 2.00% | -0.25 percentage points(-25bp) | RBA decision details |
| 7 Apr 2015 | hold | 2.25% | 2.25% | No change | RBA decision details |
| 3 Mar 2015 | hold | 2.25% | 2.25% | No change | RBA decision details |
| 3 Feb 2015 | cut | 2.50% | 2.25% | -0.25 percentage points(-25bp) | RBA decision details |
| 2 Dec 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 4 Nov 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 7 Oct 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 2 Sept 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 5 Aug 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 1 July 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 3 June 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 6 May 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 1 Apr 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 4 Mar 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 4 Feb 2014 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 3 Dec 2013 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 5 Nov 2013 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 1 Oct 2013 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 3 Sept 2013 | hold | 2.50% | 2.50% | No change | RBA decision details |
| 6 Aug 2013 | cut | 2.75% | 2.50% | -0.25 percentage points(-25bp) | RBA decision details |
| 2 July 2013 | hold | 2.75% | 2.75% | No change | RBA decision details |
| 4 June 2013 | hold | 2.75% | 2.75% | No change | RBA decision details |
| 7 May 2013 | cut | 3.00% | 2.75% | -0.25 percentage points(-25bp) | RBA decision details |
| 2 Apr 2013 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 5 Mar 2013 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 5 Feb 2013 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 4 Dec 2012 | cut | 3.25% | 3.00% | -0.25 percentage points(-25bp) | RBA decision details |
| 6 Nov 2012 | hold | 3.25% | 3.25% | No change | RBA decision details |
| 2 Oct 2012 | cut | 3.50% | 3.25% | -0.25 percentage points(-25bp) | RBA decision details |
| 4 Sept 2012 | hold | 3.50% | 3.50% | No change | RBA decision details |
| 7 Aug 2012 | hold | 3.50% | 3.50% | 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.