History
RBA Cash Rate History — Page 4
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 July 2012 | hold | 3.50% | 3.50% | No change | RBA decision details |
| 5 June 2012 | cut | 3.75% | 3.50% | -0.25 percentage points(-25bp) | RBA decision details |
| 1 May 2012 | cut | 4.25% | 3.75% | -0.50 percentage points(-50bp) | RBA decision details |
| 3 Apr 2012 | hold | 4.25% | 4.25% | No change | RBA decision details |
| 6 Mar 2012 | hold | 4.25% | 4.25% | No change | RBA decision details |
| 7 Feb 2012 | hold | 4.25% | 4.25% | No change | RBA decision details |
| 6 Dec 2011 | cut | 4.50% | 4.25% | -0.25 percentage points(-25bp) | RBA decision details |
| 1 Nov 2011 | cut | 4.75% | 4.50% | -0.25 percentage points(-25bp) | RBA decision details |
| 4 Oct 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 6 Sept 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 2 Aug 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 5 July 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 7 June 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 3 May 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 5 Apr 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 1 Mar 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 1 Feb 2011 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 7 Dec 2010 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 2 Nov 2010 | hike | 4.50% | 4.75% | +0.25 percentage points(25bp) | RBA decision details |
| 5 Oct 2010 | hold | 4.50% | 4.50% | No change | RBA decision details |
| 7 Sept 2010 | hold | 4.50% | 4.50% | No change | RBA decision details |
| 3 Aug 2010 | hold | 4.50% | 4.50% | No change | RBA decision details |
| 6 July 2010 | hold | 4.50% | 4.50% | No change | RBA decision details |
| 1 June 2010 | hold | 4.50% | 4.50% | No change | RBA decision details |
| 4 May 2010 | hike | 4.25% | 4.50% | +0.25 percentage points(25bp) | RBA decision details |
| 6 Apr 2010 | hike | 4.00% | 4.25% | +0.25 percentage points(25bp) | RBA decision details |
| 2 Mar 2010 | hike | 3.75% | 4.00% | +0.25 percentage points(25bp) | RBA decision details |
| 2 Feb 2010 | hold | 3.75% | 3.75% | No change | RBA decision details |
| 1 Dec 2009 | hike | 3.50% | 3.75% | +0.25 percentage points(25bp) | RBA decision details |
| 3 Nov 2009 | hike | 3.25% | 3.50% | +0.25 percentage points(25bp) | RBA decision details |
| 6 Oct 2009 | hike | 3.00% | 3.25% | +0.25 percentage points(25bp) | RBA decision details |
| 1 Sept 2009 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 4 Aug 2009 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 7 July 2009 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 2 June 2009 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 5 May 2009 | hold | 3.00% | 3.00% | No change | RBA decision details |
| 7 Apr 2009 | cut | 3.25% | 3.00% | -0.25 percentage points(-25bp) | RBA decision details |
| 3 Mar 2009 | hold | 3.25% | 3.25% | No change | RBA decision details |
| 3 Feb 2009 | cut | 4.25% | 3.25% | -1.00 percentage points(-100bp) | RBA decision details |
| 2 Dec 2008 | cut | 5.25% | 4.25% | -1.00 percentage points(-100bp) | RBA decision details |
| 4 Nov 2008 | cut | 6.00% | 5.25% | -0.75 percentage points(-75bp) | RBA decision details |
| 7 Oct 2008 | cut | 7.00% | 6.00% | -1.00 percentage points(-100bp) | RBA decision details |
| 2 Sept 2008 | cut | 7.25% | 7.00% | -0.25 percentage points(-25bp) | RBA decision details |
| 5 Aug 2008 | hold | 7.25% | 7.25% | No change | RBA decision details |
| 1 July 2008 | hold | 7.25% | 7.25% | No change | RBA decision details |
| 3 June 2008 | hold | 7.25% | 7.25% | No change | RBA decision details |
| 6 May 2008 | hold | 7.25% | 7.25% | No change | RBA decision details |
| 1 Apr 2008 | hold | 7.25% | 7.25% | No change | RBA decision details |
| 4 Mar 2008 | hike | 7.00% | 7.25% | +0.25 percentage points(25bp) | RBA decision details |
| 5 Feb 2008 | hike | 6.75% | 7.00% | +0.25 percentage points(25bp) | 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.