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RBA Cash Rate Tracker, Forecasts & Insights
Will rates fall in July? Discover major bank forecasts, why the RBA may cut, and what it could mean for your home loan repayments.
Next RBA Meeting for 2025: Tuesday, 12th August 2025
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Cash Rate movements over 15 years
Interest Rate Forecasts: July Cut All but Certain
The Reserve Bank of Australia (RBA) is now widely expected to cut the cash rate at its upcoming July meeting, following a surprise drop in inflation and continued signs of economic softness. Westpac, Commonwealth Bank (CBA), and NAB have all brought forward their forecasts for the next 25 basis point cut to July 8, bringing the cash rate down from 3.85% to 3.60%. ANZ remains the outlier, sticking to its original August prediction.
“The next RBA rate cut is now expected to be in July rather than August, but this is not the shoo-in that markets seem to think it is,” said Luci Ellis, Chief Economist at Westpac. She added that while recent CPI data is encouraging, the RBA remains cautious due to persistent concerns about labour market tightness and sluggish productivity growth.
Economists at CBA also revised their call, now expecting two cuts in quick succession—July and August—based on May CPI data showing headline inflation at just 2.1% and trimmed mean at 2.4%. “Because of this, we’re now confident the RBA won’t see the second quarter data as troublesome,” said Harry Ottley, CBA economist.
Major Bank Predictions
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 2025 rate forecasts:
| Bank | Next Cut | Predicting Cuts In | Cash Rate Forecast |
|---|---|---|---|
| August, 0.25% Cut | August, plus another before end of year | 3.35% by End of 2025 |
| July, 0.25% Cut | August | Reducing to 3.35% by August |
| July, 0.25% Cut | August, September and December | Reducing to 3.1% by December 2025 |
| July, 0.25% Cut | August, November and May (2026) | Reducing to 2.85% by May 2026 |
- ANZ: Sticking to an August 2025 forecast for the next cut of 0.25%, with one more cut expected by year-end. This would reduce the cash rate from 3.85% to 3.35%. While ANZ hasn't suggested a supersized cut, they acknowledge the potential for earlier action if global conditions deteriorate.
- Commonwealth Bank (CBA): Now forecasting a 0.25% cut in July, followed by another in August, bringing the rate to 3.35%. CBA believes inflation is sustainably within the target band, with weak growth and sentiment justifying two cuts in quick succession.
- National Australia Bank (NAB): Predicting a cut in July followed by additional cuts in August, September, and December. NAB expects the cash rate to fall to 3.10% by the end of 2025, with a further drop to 2.85% projected in early 2026.
- Westpac: Forecasting four cuts: July, August, November, and again in May 2026. Westpac expects the cash rate to gradually decline to 2.85%. While confident in the July cut, they note the RBA’s tone will likely remain cautious due to ongoing labour market tightness.
Among smaller lenders, AMP Bank has acknowledged the possibility of a July rate cut, although its base case still favours an August move. Meanwhile, Bendigo Bank has not updated its earlier forecast, which anticipated the first cut occurring in May 2025. While neither lender has definitively revised their outlook to a July cut, both are closely watching the latest inflation and labour market data for signs the RBA may move sooner than previously expected.
What’s Driving the Latest Forecasts?
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Trump’s Tariffs and Global Slowdown: Major tariffs imposed by
the US have shaken confidence worldwide, escalating the risk of a global recession.
Australia’s stock market losses underscore these fears.
Easing Inflation
The May CPI release was a game changer. Headline inflation eased to 2.1%—its lowest since late 2021—well below market expectations of 2.3%. This has provided the RBA with the room it needs to act, as inflation is now not only within the 2–3% target band but edging towards the lower end.
“Inflation is below the midpoint of the target range... and monetary policy is still restrictive despite those two rate cuts,” said economist Stephen Koukoulas, who has floated the possibility of a surprise 0.50% cut.
Weak Consumer and Business Sentiment
Household spending remains tepid, and recent sentiment surveys show that consumers and businesses are still cautious, despite earlier rate cuts. As CBA’s Harry Ottley notes: “Economic growth is a little bit weak, and consumer and business sentiment is also slightly weak.”
Housing and Pre-Approvals
With lower rates on the horizon, some prospective buyers are racing to secure loans before property prices climb again. However, experts urge caution.
“Don’t rush into any big financial decision just because of what you think the RBA may or may not do,” warned Canstar’s Sally Tindall. “You need to be making decisions that span across decades, not just one RBA meeting.”
Louisa Sanghera of Zippy Financial echoed the sentiment: “People are desperate… but they’re not able to act until we get a few more rate reductions.”
Labour Market and Productivity Tensions
Despite the case for cuts, the RBA has flagged ongoing concerns around labour market tightness and slow productivity growth. As Luci Ellis explained, “The RBA is not planning to bring monetary policy to an expansionary stance... The labour market is still too tight—and productivity growth too weak—to move quickly.”
Even as inflation data justifies easing, the Board is expected to use cautious, non-committal language in its post-meeting communication. “Expect its post-meeting language to be non-committal, even a little grudging,” Ellis added.
Key Risks Ahead
- Over-Correction: Cutting too quickly could reheat inflation if economic conditions improve more rapidly than expected.
- Premature Optimism: Relying too heavily on early signs of disinflation may overlook persistent domestic pressures.
- Global Uncertainty: Trade tensions, geopolitical risks, and slowing international demand could reshape forecasts quickly.
Looking Ahead
With the July RBA meeting imminent and a 97% probability of a rate cut priced into markets (according to the ASX Rate Indicator), borrowers may soon see lower mortgage repayments. A 0.25% cut would reduce monthly repayments on a $600,000 mortgage by roughly $90, with larger savings for bigger loans.
But experts continue to warn Australians not to hinge financial decisions on predicted rate moves alone. As Tindall put it: “There’s a strong chance we’ll see a 3.60% cash rate next week—but don’t make life-changing decisions banking on it.”
Latest Decision: RBA Cuts Cash Rate to 3.85%
In its May 2025 meeting, the Reserve Bank Board voted to cut the cash rate target by 25 basis points, bringing it down to 3.85%. This decision reflects easing inflationary pressures, weaker-than-expected household consumption, and growing uncertainty stemming from global trade tensions.
While the operational framework for managing liquidity remains unchanged since February's announcement, the rate cut signals a more cautious monetary stance in light of subdued domestic momentum and heightened global risks. The RBA reiterated its commitment to achieving price stability and full employment, noting the flexibility to adjust further if economic conditions deteriorate.
The cut follows recent data showing trimmed mean inflation easing to 2.9%, headline inflation at 2.4%, and unemployment steady around 4.1%. However, household consumption is showing signs of fatigue, and global growth is being hampered by rising tariffs and policy unpredictability, particularly between the US and China.
What This Means for Homeowners and Buyers
You might see a reduction in your monthly repayments, depending on whether your lender passes the full cut on. Many lenders do—but not all, and not always immediately.
Fixed-Rate Borrowers
No immediate benefit—your rate stays locked until your fixed term ends. But refinancing may now be more appealing.
Prospective Buyers
Lower rates can slightly boost borrowing capacity, but also risk fuelling competition and property price increases—especially from investors shifting away from volatile equity markets.
Economic Caution
Multiple cuts in a short span often point to deeper economic concerns. Building up a financial buffer remains smart strategy.
Important:
Even if your bank cuts your rate in line with the RBA, you could still be paying more than you should be. If you were overpaying before, you're likely just overpaying slightly less now.
Review your loan: A Craggle Lending Expert can show you whether your rate is actually competitive—or let Craggle AI run a 24/7, impartial assessment of your current deal compared to the best available in the market.
👉 Check if your bank is passing on the cut and when
How Long Does It Take for Lenders to Apply New Rates?
Firstly, it’s important to understand that your lender is not obligated to adjust their interest rates in line with changes to the RBA Cash Rate. While many lenders do follow the RBA’s lead, how and when they do so can vary significantly.
When the RBA Increases the Cash Rate
In the case of rate hikes, lenders are legally required to provide at least 20 days’ notice before increasing your interest rate. This notice must include the following details:
- What your new interest rate will be
- What your new repayment amount will be
- The date the changes will take effect
This requirement is designed to give borrowers time to prepare for the higher repayments and make any necessary financial adjustments.
When the RBA Cuts the Cash Rate
In contrast, there is no obligation for lenders to provide notice when passing on a rate cut. Each lender decides if, when, and how much of the rate cut they will apply. Some may choose to pass on the full cut, others only a portion — and the timing can vary.
For example, following the February 2025 RBA rate cut, effective dates ranged from the same day as the RBA announcement to up to three weeks later. Most lenders applied their announced rate cut approximately two weeks after the RBA decision.
This lack of consistency means it’s important for borrowers to actively monitor their lender’s updates and assess whether they’re getting a fair deal — especially during periods of economic change.
RBA meeting dates for 2025
2025 Reserve Bank Board meetings
- January – No meeting
- 17–18 February
- 31 March–1 April
- 19–20 May
- June – No meeting
- 7–8 July
- 11–12 August
- 29–30 September
- October – No meeting
- 3–4 November
- 8–9 December
What time does the RBA announce the Cash Rate change?
The Reserve Bank Board announces monetary policy decisions, cash rate changes, at ~2.30pm AEDT in a media release after each meeting.What is the RBA Cash Rate?
At its core, the cash rate is the interest rate charged on overnight loans between financial institutions. It’s a powerful lever that the Reserve Bank of Australia (RBA) adjusts to control economic activity, manage inflation, and influence employment rates.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.
RBA Rate Tracker – 2025
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 
Historical Overview of the Australian Cash Rate
Early Years: The Foundation and Initial Fluctuations
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: A New Economic Era
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.
2010–2019: Navigating Modern Challenges
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.
2020 to Today: Responding to Unprecedented Disruptions
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.
RBA Rate History: 2020-2024
RBA Rate Tracker – 2024
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
RBA Rate Tracker – 2023
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
RBA Rate Tracker – 2022
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
RBA Rate Tracker – 2021
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
RBA Rate Tracker – 2020
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
RBA Cash Rate History: 2010-2019
Return to topRBA Rate Tracker –2019
RBA Cash Rate History: 2010-2019Effective 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 - RBA Rate Tracker –2018
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
RBA Rate Tracker –2017
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
RBA Rate Tracker –2016
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
RBA Rate Tracker –2015
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
RBA Rate Tracker –2014
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
RBA Rate Tracker –2013
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
RBA Rate Tracker –2012
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
RBA Rate Tracker –2011
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
RBA Rate Tracker –2010
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 2000s: Stability and Growth
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.
RBA Cash Rate History: 2000-2009
Return to topRBA Rate Tracker – 2009
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
RBA Rate Tracker – 2008
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
RBA Rate Tracker – 2007
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
RBA Rate Tracker – 2006
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
RBA Rate Tracker – 2005
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
RBA Rate Tracker – 2004
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
RBA Rate Tracker – 2003
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
RBA Rate Tracker – 2002
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
RBA Rate Tracker – 2001
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
RBA Rate Tracker – 2000
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 - The 1990s: Economic Reforms and Challenges
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.
RBA Cash Rate History: 1990-1999
Return to topRBA Rate Tracker – 1999
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
RBA Rate Tracker – 1998
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
RBA Rate Tracker – 1997
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
RBA Rate Tracker – 1996
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
RBA Rate Tracker – 1995
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
RBA Rate Tracker – 1994
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
RBA Rate Tracker – 1993
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
RBA Rate Tracker – 1992
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
RBA Rate Tracker – 1991
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
RBA Rate Tracker – 1990
RBA Cash Rate History: 1990-1999Effective 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 Factors Influencing Changes in the Cash Rate
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.
The Future of Australia's Cash Rate
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.
Conclusion
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