Big 4 Banks predicting a further rate cuts in 2025. Stay updated on the latest RBA cash rate, market outlook & expert predictions on potential rate changes.
Global financial markets have been shaken by US President Donald Trump’s newly announced “Liberation Day” tariffs, which impose levies ranging from 10% to 48% on key US trading partners - including a 10% tariff on Australian goods. The result has been a significant slide in global stock markets, wiping out trillions of dollars in just a few days.
In Australia, the ASX 200 fell by 0.9% on 3rd April and 2.4% on the 4th of April, marking a 3.9% decline for the week - its largest drop in two years. This has driven fresh concern among economists that growth could slow further, prompting the Reserve Bank of Australia (RBA) to consider additional rate cuts. All four major Australian banks now predict multiple rate reductions in 2025, with some expecting the first cut could arrive as early as May.
Recent data showing moderation in inflation at the end of 2024, combined with market turmoil triggered by the new US tariffs, has led major banks to change their rate forecasts:
Bank | Next Cut | Predicting Cuts In | Cash Rate Forecast |
---|---|---|---|
![]() | May 2025 | May, July and August | As low as 3.5% |
![]() | May 2025 | May, August and November | Reducing to 3.35% |
![]() | May 2025 | May, July, August, November and February (2026) | Reducing to 2.6% |
![]() | May 2025 | May, August and November | Reducing to 3.35% |
Several smaller lenders, such as Bendigo Bank and AMP Bank, also expect the RBA to move earlier than previously predicted.
In its February 2025 meeting, the Reserve Bank Board voted to hold the cash rate target at 4.10%. Although the policy stance remains unchanged, the RBA announced operational changes - effective 9 April 2025 - aimed at smoothly transitioning to an ‘ample reserves’ system. These adjustments do not signal a shift in monetary policy goals.
Under this updated framework, the RBA supplies bank reserves (Exchange Settlement balances) through Open Market Operations (OMOs). Banks use these reserves to settle transactions and manage liquidity. The new measures include:
The RBA emphasises that these operational updates are about improving how monetary policy decisions flow through financial markets, not about changing the policy stance. Banks still have the overnight standing facility available at 25 basis points above the cash rate target for unexpected liquidity needs between OMO auctions.
Overall, the Board believes keeping the cash rate target at 4.10% balances inflation control and employment support. Meanwhile, these operational changes are designed to ensure the reserve management system adapts effectively to evolving market conditions.
Return to topFor both current homeowners and prospective buyers, here are the potential implications of multiple rate cuts in 2025:
A lower cash rate can stimulate spending and investment by making loans cheaper, whereas a higher rate can cool down an overheating economy by making borrowing more expensive.
The history of Australia’s cash rate is a narrative of strategic economic management through diverse global and local challenges. It charts a course through times of boom and bust, revealing how monetary policy has adapted to maintain stability and promote growth.
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-25 | 4.35 | (No RBA Meeting) |
Feb-25 | 4.1 | -0.25 |
Mar-25 | 4.1 | - |
Apr-25 | 4.1 | - |
May-25 | ||
Jun-25 | ||
Jul-25 | (No RBA Meeting) | |
Aug-25 | ||
Sep-25 | ||
Oct-25 | (No RBA Meeting) | |
Nov-25 | ||
Dec-25 |
The inception of the cash rate as a tool for monetary policy dates back to the early days of the Reserve Bank of Australia’s establishment in 1960. Initially, the focus was on maintaining currency stability and supporting full employment. However, as the global and domestic economic landscapes evolved, so did the objectives and strategies around the cash rate.
The turn of the century marked a period of significant change for Australia’s economy, influenced by both global and domestic factors. The Asian Financial Crisis of the late 1990s, the Dot-com bubble burst, and the Global Financial Crisis (GFC) of 2008–2009 were pivotal events that tested and shaped the RBA cash rate and monetary policies.
Between 2010 and 2019, the Australian economy experienced ongoing challenges, including fluctuating commodity prices and shifts in global trade. During this period, the Reserve Bank took a measured approach to setting the cash rate, aiming to balance inflation targets with growth objectives. This underscored the RBA’s commitment to stabilising the economy despite global headwinds and domestic policy considerations.
From 2020 onward, the Australian economy faced unprecedented disruptions, primarily driven by the global COVID-19 pandemic. In response, the RBA introduced additional policy measures and reduced the cash rate to record lows. These actions underscored the flexibility and adaptability of monetary policy in mitigating immediate economic fallout while laying the groundwork for a sustained recovery.
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-24 | 4.35 | - |
Feb-24 | 4.35 | - |
Mar-24 | 4.35 | - |
Apr-24 | 4.35 | (No RBA Meeting) |
May-24 | 4.35 | - |
Jun-24 | 4.35 | - |
Jul-24 | 4.35 | (No RBA Meeting) |
Aug-24 | 4.35 | - |
Sep-24 | 4.35 | - |
Oct-24 | 4.35 | (No RBA Meeting) |
Nov-24 | 4.35 | - |
Dec-24 | 4.35 | - |
RBA Cash Rate History: 2020-2024
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-23 | 3.10 | - |
Feb-23 | 3.35 | 0.25 |
Mar-23 | 3.6 | 0.25 |
Apr-23 | 3.6 | - |
May-23 | 3.85 | 0.25 |
Jun-23 | 4.1 | 0.25 |
Jul-23 | 4.1 | - |
Aug-23 | 4.1 | - |
Sep-23 | 4.1 | - |
Oct-23 | 4.1 | - |
Nov-23 | 4.35 | 0.25 |
Dec-23 | 4.35 | - |
RBA Cash Rate History: 2020-2024
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-22 | 0.1 | - |
Feb-22 | 0.1 | - |
Mar-22 | 0.1 | - |
Apr-22 | 0.1 | - |
May-22 | 0.35 | 0.25 |
Jun-22 | 0.85 | 0.5 |
Jul-22 | 1.35 | 0.5 |
Aug-22 | 1.85 | 0.5 |
Sep-22 | 2.35 | 0.5 |
Oct-22 | 2.6 | 0.25 |
Nov-22 | 2.85 | 0.25 |
Dec-22 | 3.1 | 0.25 |
RBA Cash Rate History: 2020-2024
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-21 | 0.1 | - |
Feb-21 | 0.1 | - |
Mar-21 | 0.1 | - |
Apr-21 | 0.1 | - |
May-21 | 0.1 | - |
Jun-21 | 0.1 | - |
Jul-21 | 0.1 | - |
Aug-21 | 0.1 | - |
Sep-21 | 0.1 | - |
Oct-21 | 0.1 | - |
Nov-21 | 0.1 | - |
Dec-21 | 0.1 | - |
RBA Cash Rate History: 2020-2024
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-20 | 0.75 | - |
Feb-20 | 0.75 | - |
Mar-20 | 0.5 | -0.25 |
Mar-20 | 0.25 | -0.25 |
Apr-20 | 0.25 | - |
May-20 | 0.25 | - |
Jun-20 | 0.25 | - |
Jul-20 | 0.25 | - |
Aug-20 | 0.25 | - |
Sep-20 | 0.25 | - |
Oct-20 | 0.25 | - |
Nov-20 | 0.1 | -0.15 |
Dec-20 | 0.1 | - |
RBA Cash Rate History: 2020-2024
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-19 | 1.5 | - |
Feb-19 | 1.5 | - |
Mar-19 | 1.5 | - |
Apr-19 | 1.5 | - |
May-19 | 1.5 | - |
Jun-19 | 1.25 | -0.25 |
Jul-19 | 1 | -0.25 |
Aug-19 | 1 | - |
Sep-19 | 1 | - |
Oct-19 | 0.75 | -0.25 |
Nov-19 | 0.75 | - |
Dec-19 | 0.75 | - |
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-18 | 1.5 | - |
Feb-18 | 1.5 | - |
Mar-18 | 1.5 | - |
Apr-18 | 1.5 | - |
May-18 | 1.5 | - |
Jun-18 | 1.5 | - |
Jul-18 | 1.5 | - |
Aug-18 | 1.5 | - |
Sep-18 | 1.5 | - |
Oct-18 | 1.5 | - |
Nov-18 | 1.5 | - |
Dec-18 | 1.5 | - |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-17 | 1.5 | - |
Feb-17 | 1.5 | - |
Mar-17 | 1.5 | - |
Apr-17 | 1.5 | - |
May-17 | 1.5 | - |
Jun-17 | 1.5 | - |
Jul-17 | 1.5 | - |
Aug-17 | 1.5 | - |
Sep-17 | 1.5 | - |
Oct-17 | 1.5 | - |
Nov-17 | 1.5 | - |
Dec-17 | 1.5 | - |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-16 | 2 | - |
Feb-16 | 2 | - |
Mar-16 | 2 | - |
Apr-16 | 2 | - |
May-16 | 1.75 | -0.25 |
Jun-16 | 1.75 | - |
Jul-16 | 1.75 | - |
Aug-16 | 1.5 | -0.25 |
Sep-16 | 1.5 | - |
Oct-16 | 1.5 | - |
Nov-16 | 1.5 | - |
Dec-16 | 1.5 | - |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-15 | 2 | - |
Feb-15 | 2.25 | -0.25 |
Mar-15 | 2.25 | - |
Apr-15 | 2.25 | - |
May-15 | 2 | -0.25 |
Jun-15 | 2 | - |
Jul-15 | 2 | - |
Aug-15 | 2 | - |
Sep-15 | 2 | - |
Oct-15 | 2 | - |
Nov-15 | 2 | - |
Dec-15 | 2 | - |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-14 | 2.5 | - |
Feb-14 | 2.5 | - |
Mar-14 | 2.5 | - |
Apr-14 | 2.5 | - |
May-14 | 2.5 | - |
Jun-14 | 2.5 | - |
Jul-14 | 2.5 | - |
Aug-14 | 2.5 | - |
Sep-14 | 2.5 | - |
Oct-14 | 2.5 | - |
Nov-14 | 2.5 | - |
Dec-14 | 2.5 | - |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-13 | 3 | - |
Feb-13 | 3 | - |
Mar-13 | 3 | - |
Apr-13 | 3 | - |
May-13 | 2.75 | -0.25 |
Jun-13 | 2.75 | - |
Jul-13 | 2.75 | - |
Aug-13 | 2.5 | -0.25 |
Sep-13 | 2.5 | - |
Oct-13 | 2.5 | - |
Nov-13 | 2.5 | - |
Dec-13 | 2.5 | - |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-12 | 4.25 | - |
Feb-12 | 4.25 | - |
Mar-12 | 4.25 | - |
Apr-12 | 4.25 | - |
May-12 | 3.75 | -0.5 |
Jun-12 | 3.5 | -0.25 |
Jul-12 | 3.5 | - |
Aug-12 | 3.5 | - |
Sep-12 | 3.5 | - |
Oct-12 | 3.25 | -0.25 |
Nov-12 | 3.25 | - |
Dec-12 | 3 | -0.25 |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-11 | 4.75 | - |
Feb-11 | 4.75 | - |
Mar-11 | 4.75 | - |
Apr-11 | 4.75 | - |
May-11 | 4.75 | - |
Jun-11 | 4.75 | - |
Jul-11 | 4.75 | - |
Aug-11 | 4.75 | - |
Sep-11 | 4.75 | - |
Oct-11 | 4.75 | - |
Nov-11 | 4.5 | -0.25 |
Dec-11 | 4.25 | -0.25 |
RBA Cash Rate History: 2010-2019
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-10 | 3.75 | - |
Feb-10 | 3.75 | - |
Mar-10 | 4 | 0.25 |
Apr-10 | 4.25 | 0.25 |
May-10 | 4.5 | 0.25 |
Jun-10 | 4.5 | - |
Jul-10 | 4.5 | - |
Aug-10 | 4.5 | - |
Sep-10 | 4.5 | - |
Oct-10 | 4.5 | - |
Nov-10 | 4.75 | 0.25 |
Dec-10 | 4.75 | - |
The early 2000s were characterised by economic stability and growth, but the GFC presented unprecedented challenges. Australia's cash rate saw significant adjustments as the RBA aimed to shield the economy from the worst impacts of the crisis.
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-09 | 4.25 | - |
Feb-09 | 3.25 | -1 |
Mar-09 | 3.25 | - |
Apr-09 | 3 | -0.25 |
May-09 | 3 | - |
Jun-09 | 3 | - |
Jul-09 | 3 | - |
Aug-09 | 3 | - |
Sep-09 | 3 | - |
Oct-09 | 3.25 | 0.25 |
Nov-09 | 3.5 | 0.25 |
Dec-09 | 3.75 | 0.25 |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-08 | 6.75 | - |
Feb-08 | 7 | 0.25 |
Mar-08 | 7.25 | 0.25 |
Apr-08 | 7.25 | - |
May-08 | 7.25 | - |
Jun-08 | 7.25 | - |
Jul-08 | 7.25 | - |
Aug-08 | 7.25 | - |
Sep-08 | 7 | -0.25 |
Oct-08 | 6 | -1 |
Nov-08 | 5.25 | -0.75 |
Dec-08 | 4.25 | -1 |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-07 | 6.25 | - |
Feb-07 | 6.25 | - |
Mar-07 | 6.25 | - |
Apr-07 | 6.25 | - |
May-07 | 6.25 | - |
Jun-07 | 6.25 | - |
Jul-07 | 6.25 | - |
Aug-07 | 6.5 | 0.25 |
Sep-07 | 6.5 | - |
Oct-07 | 6.5 | - |
Nov-07 | 6.75 | 0.25 |
Dec-07 | 6.75 | - |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-06 | 5.5 | - |
Feb-06 | 5.5 | - |
Mar-06 | 5.5 | - |
Apr-06 | 5.5 | - |
May-06 | 5.75 | 0.25 |
Jun-06 | 5.75 | - |
Jul-06 | 5.75 | - |
Aug-06 | 6 | 0.25 |
Sep-06 | 6 | - |
Oct-06 | 6 | - |
Nov-06 | 6.25 | 0.25 |
Dec-06 | 6.25 | - |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-05 | 5.25 | - |
Feb-05 | 5.25 | - |
Mar-05 | 5.5 | 0.25 |
Apr-05 | 5.5 | - |
May-05 | 5.5 | - |
Jun-05 | 5.5 | - |
Jul-05 | 5.5 | - |
Aug-05 | 5.5 | - |
Sep-05 | 5.5 | - |
Oct-05 | 5.5 | - |
Nov-05 | 5.5 | - |
Dec-05 | 5.5 | - |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-04 | 5.25 | - |
Feb-04 | 5.25 | - |
Mar-04 | 5.25 | - |
Apr-04 | 5.25 | - |
May-04 | 5.25 | - |
Jun-04 | 5.25 | - |
Jul-04 | 5.25 | - |
Aug-04 | 5.25 | - |
Sep-04 | 5.25 | - |
Oct-04 | 5.25 | - |
Nov-04 | 5.25 | - |
Dec-04 | 5.25 | - |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-03 | 4.75 | - |
Feb-03 | 4.75 | - |
Mar-03 | 4.75 | - |
Apr-03 | 4.75 | - |
May-03 | 4.75 | - |
Jun-03 | 4.75 | - |
Jul-03 | 4.75 | - |
Aug-03 | 4.75 | - |
Sep-03 | 4.75 | - |
Oct-03 | 4.75 | - |
Nov-03 | 5 | 0.25 |
Dec-03 | 5.25 | 0.25 |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-02 | 4.25 | - |
Feb-02 | 4.25 | - |
Mar-02 | 4.25 | - |
Apr-02 | 4.25 | - |
May-02 | 4.5 | 0.25 |
Jun-02 | 4.75 | 0.25 |
Jul-02 | 4.75 | - |
Aug-02 | 4.75 | - |
Sep-02 | 4.75 | - |
Oct-02 | 4.75 | - |
Nov-02 | 4.75 | - |
Dec-02 | 4.75 | - |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-01 | 6.25 | - |
Feb-01 | 5.75 | -0.5 |
Mar-01 | 5.5 | -0.25 |
Apr-01 | 5 | -0.5 |
May-01 | 5 | - |
Jun-01 | 5 | - |
Jul-01 | 5 | - |
Aug-01 | 5 | - |
Sep-01 | 4.75 | -0.25 |
Oct-01 | 4.5 | -0.25 |
Nov-01 | 4.5 | - |
Dec-01 | 4.25 | -0.25 |
RBA Cash Rate History: 2000-2009
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-00 | 5 | - |
Feb-00 | 5.5 | 0.5 |
Mar-00 | 5.5 | - |
Apr-00 | 5.75 | 0.25 |
May-00 | 6 | 0.25 |
Jun-00 | 6 | - |
Jul-00 | 6 | - |
Aug-00 | 6.25 | 0.25 |
Sep-00 | 6.25 | - |
Oct-00 | 6.25 | - |
Nov-00 | 6.25 | - |
Dec-00 | 6.25 | - |
This decade was marked by considerable economic reforms, including the floating of the Australian dollar and the deregulation of the financial system. These changes laid the groundwork for a more open and flexible economy but also introduced new challenges, especially during the Asian Financial Crisis.
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-99 | 4.75 | - |
Feb-99 | 4.75 | - |
Mar-99 | 4.75 | - |
Apr-99 | 4.75 | - |
May-99 | 4.75 | - |
Jun-99 | 4.75 | - |
Jul-99 | 4.75 | - |
Aug-99 | 4.75 | - |
Sep-99 | 4.75 | - |
Oct-99 | 4.75 | - |
Nov-99 | 5 | 0.25 |
Dec-99 | 5 | - |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-98 | 0.05 | - |
Feb-98 | 0.05 | - |
Mar-98 | 5 | - |
Apr-98 | 5 | - |
May-98 | 5 | - |
Jun-98 | 5 | - |
Jul-98 | 5 | - |
Aug-98 | 5 | - |
Sep-98 | 5 | - |
Oct-98 | 5 | - |
Nov-98 | 5 | - |
Dec-98 | 4.75 | -0.25 |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-97 | 6 | - |
Feb-97 | 6 | - |
Mar-97 | 6 | - |
Apr-97 | 6 | - |
May-97 | 6 | - |
May-97 | 5.5 | -0.5 |
Jun-97 | 5.5 | - |
Jul-97 | 5.5 | - |
Jul-97 | 5 | -0.5 |
Aug-97 | 5 | - |
Sep-97 | 5 | - |
Oct-97 | 5 | - |
Nov-97 | 5 | - |
Dec-97 | 5 | - |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-96 | 7.5 | - |
Feb-96 | 7.5 | - |
Mar-96 | 7.5 | - |
Apr-96 | 7.5 | - |
May-96 | 7.5 | - |
Jun-96 | 7.5 | - |
Jul-96 | 7.5 | - |
Jul-96 | 7 | -0.5 |
Sep-96 | 7 | - |
Oct-96 | 7 | - |
Nov-96 | 6.5 | -0.5 |
Dec-96 | 6 | -0.5 |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-95 | 7.5 | - |
Feb-95 | 7.5 | - |
Mar-95 | 7.5 | - |
Apr-95 | 7.5 | - |
May-95 | 7.5 | - |
Jun-95 | 7.5 | - |
Jul-95 | 7.5 | - |
Jul-95 | 7.5 | - |
Sep-95 | 7.5 | - |
Oct-95 | 7.5 | - |
Nov-95 | 7.5 | - |
Dec-95 | 7.5 | - |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-94 | 4.75 | - |
Feb-94 | 4.75 | - |
Mar-94 | 4.75 | - |
Mar-94 | 4.75 | - |
May-94 | 4.75 | - |
Jun-94 | 4.75 | - |
Jul-94 | 4.75 | - |
Jul-94 | 4.75 | - |
Aug-94 | 5.5 | 0.75 |
Sep-94 | 5.5 | - |
Oct-94 | 6.5 | 1 |
Nov-94 | 6.5 | - |
Dec-94 | 7.5 | 1 |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-93 | 5.75 | - |
Feb-93 | 5.75 | - |
Mar-93 | 5.25 | -0.5 |
Apr-93 | 5.25 | - |
May-93 | 5.25 | - |
Jun-93 | 5.25 | - |
Jul-93 | 5.25 | - |
Jul-93 | 4.75 | -0.5 |
Sep-93 | 4.75 | - |
Oct-93 | 4.75 | - |
Nov-93 | 4.75 | - |
Dec-93 | 4.75 | - |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-92 | 7.5 | -1 |
Feb-92 | 7.5 | - |
Mar-92 | 7.5 | - |
Apr-92 | 7.5 | - |
May-92 | 6.5 | -1 |
Jun-92 | 6.5 | - |
Jul-92 | 5.75 | -0.75 |
Jul-92 | 5.75 | - |
Sep-92 | 5.75 | - |
Oct-92 | 5.75 | - |
Nov-92 | 5.75 | - |
Dec-92 | 5.75 | - |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-91 | 12 | - |
Feb-91 | 12 | - |
Mar-91 | 12 | - |
Apr-91 | 11.5 | -0.5 |
May-91 | 10.5 | -1 |
Jun-91 | 10.5 | - |
Jul-91 | 10.5 | - |
Jul-91 | 10.5 | - |
Sep-91 | 9.5 | -1 |
Oct-91 | 9.5 | - |
Nov-91 | 8.5 | -1 |
Dec-91 | 8.5 | - |
RBA Cash Rate History: 1990-1999
Effective Date | Cash Rate (%) | Change % points |
---|---|---|
Jan-90 | 17 | -0.5 |
Feb-90 | 16.5 | -0.5 |
Mar-90 | 16.5 | - |
Apr-90 | 15 | -1.5 |
May-90 | 15 | - |
Jun-90 | 15 | - |
Jul-90 | 15 | - |
Aug-90 | 14 | -1 |
Sep-90 | 14 | - |
Oct-90 | 13 | -1 |
Nov-90 | 13 | - |
Dec-90 | 12 | -1 |
Changes in the cash rate are influenced by a variety of factors, including inflation, economic growth, and global economic conditions. The RBA cash rate decisions are aimed at achieving a balance that supports sustainable growth while keeping inflation within target ranges.
Predicting the future direction of the cash rate involves considering current economic indicators, expert forecasts, and global economic trends. While uncertainty is a constant in economic forecasting, understanding the historical context can provide valuable insights into potential future movements.
The historical journey of Australia's cash rate is more than a series of numbers; it's a reflection of the nation's economic resilience and the strategic foresight of its policymakers. As we look towards the future, this history serves as a reminder of the importance of adaptability, sound economic management, and the role of informed policy decisions in navigating the complexities of the global economy.
Disclaimer: The opinions expressed in this article are strictly for general informational and entertainment purposes only and should not be taken as financial advice or recommendations.
Written By
The Craggle Team