History
RBA Cash Rate History — Page 5
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 |
|---|---|---|---|---|---|
| 4 Dec 2007 | hold | 6.75% | 6.75% | No change | RBA decision details |
| 6 Nov 2007 | hike | 6.50% | 6.75% | +0.25 percentage points(25bp) | RBA decision details |
| 2 Oct 2007 | hold | 6.50% | 6.50% | No change | RBA decision details |
| 4 Sept 2007 | hold | 6.50% | 6.50% | No change | RBA decision details |
| 7 Aug 2007 | hike | 6.25% | 6.50% | +0.25 percentage points(25bp) | RBA decision details |
| 3 July 2007 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 5 June 2007 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 1 May 2007 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 3 Apr 2007 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 6 Mar 2007 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 6 Feb 2007 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 5 Dec 2006 | hold | 6.25% | 6.25% | No change | RBA decision details |
| 7 Nov 2006 | hike | 6.00% | 6.25% | +0.25 percentage points(25bp) | RBA decision details |
| 3 Oct 2006 | hold | 6.00% | 6.00% | No change | RBA decision details |
| 5 Sept 2006 | hold | 6.00% | 6.00% | No change | RBA decision details |
| 1 Aug 2006 | hike | 5.75% | 6.00% | +0.25 percentage points(25bp) | RBA decision details |
| 4 July 2006 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 6 June 2006 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 2 May 2006 | hike | 5.50% | 5.75% | +0.25 percentage points(25bp) | RBA decision details |
| 4 Apr 2006 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 7 Mar 2006 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 7 Feb 2006 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 6 Dec 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 1 Nov 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 4 Oct 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 6 Sept 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 2 Aug 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 5 July 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 7 June 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 3 May 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 5 Apr 2005 | hold | 5.50% | 5.50% | No change | RBA decision details |
| 1 Mar 2005 | hike | 5.25% | 5.50% | +0.25 percentage points(25bp) | RBA decision details |
| 1 Feb 2005 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 7 Dec 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 2 Nov 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 5 Oct 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 7 Sept 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 3 Aug 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 6 July 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 1 June 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 4 May 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 6 Apr 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 2 Mar 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 3 Feb 2004 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 2 Dec 2003 | hike | 5.00% | 5.25% | +0.25 percentage points(25bp) | RBA decision details |
| 4 Nov 2003 | hike | 4.75% | 5.00% | +0.25 percentage points(25bp) | RBA decision details |
| 7 Oct 2003 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 2 Sept 2003 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 5 Aug 2003 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 1 July 2003 | hold | 4.75% | 4.75% | 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.