History
RBA Cash Rate History — Page 8
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 |
|---|---|---|---|---|---|
| 26 July 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 5 July 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 7 June 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 3 May 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 29 Mar 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 1 Mar 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 1 Feb 1994 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 7 Dec 1993 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 2 Nov 1993 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 5 Oct 1993 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 7 Sept 1993 | hold | 4.75% | 4.75% | No change | RBA decision details |
| 29 July 1993 | cut | 5.25% | 4.75% | -0.50 percentage points(-50bp) | RBA decision details |
| 6 July 1993 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 1 June 1993 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 4 May 1993 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 6 Apr 1993 | hold | 5.25% | 5.25% | No change | RBA decision details |
| 22 Mar 1993 | cut | 5.75% | 5.25% | -0.50 percentage points(-50bp) | RBA decision details |
| 2 Feb 1993 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 1 Dec 1992 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 3 Nov 1992 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 6 Oct 1992 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 1 Sept 1992 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 28 July 1992 | hold | 5.75% | 5.75% | No change | RBA decision details |
| 7 July 1992 | cut | 6.50% | 5.75% | -0.75 percentage points(-75bp) | RBA decision details |
| 2 June 1992 | hold | 6.50% | 6.50% | No change | RBA decision details |
| 5 May 1992 | cut | 7.50% | 6.50% | -1.00 percentage points(-100bp) | RBA decision details |
| 7 Apr 1992 | hold | 7.50% | 7.50% | No change | RBA decision details |
| 3 Mar 1992 | hold | 7.50% | 7.50% | No change | RBA decision details |
| 4 Feb 1992 | hold | 7.50% | 7.50% | No change | RBA decision details |
| 7 Jan 1992 | cut | 8.50% | 7.50% | -1.00 percentage points(-100bp) | RBA decision details |
| 3 Dec 1991 | hold | 8.50% | 8.50% | No change | RBA decision details |
| 5 Nov 1991 | cut | 9.50% | 8.50% | -1.00 percentage points(-100bp) | RBA decision details |
| 1 Oct 1991 | hold | 9.50% | 9.50% | No change | RBA decision details |
| 2 Sept 1991 | cut | 10.50% | 9.50% | -1.00 percentage points(-100bp) | RBA decision details |
| 30 July 1991 | hold | 10.50% | 10.50% | No change | RBA decision details |
| 2 July 1991 | hold | 10.50% | 10.50% | No change | RBA decision details |
| 13 June 1991 | hold | 10.50% | 10.50% | No change | RBA decision details |
| 15 May 1991 | cut | 11.50% | 10.50% | -1.00 percentage points(-100bp) | RBA decision details |
| 3 Apr 1991 | cut | 12.00% | 11.50% | -0.50 percentage points(-50bp) | RBA decision details |
| 5 Mar 1991 | hold | 12.00% | 12.00% | No change | RBA decision details |
| 5 Feb 1991 | hold | 12.00% | 12.00% | No change | RBA decision details |
| 17 Dec 1990 | cut | 13.00% | 12.00% | -1.00 percentage points(-100bp) | RBA decision details |
| 6 Nov 1990 | hold | 13.00% | 13.00% | No change | RBA decision details |
| 14 Oct 1990 | cut | 14.00% | 13.00% | -1.00 percentage points(-100bp) | RBA decision details |
| 4 Sept 1990 | hold | 14.00% | 14.00% | No change | RBA decision details |
| 1 Aug 1990 | cut | 15.00% | 14.00% | -1.00 percentage points(-100bp) | 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.