What is the official cash rate?

The official cash rate for the bank rate and is the rate of interest which the Reserve Bank of Australia charges on overnight loans to commercial banks such as Westpac and ANZ.

Why is the cash rate important to you?

Most areas of trade in Australia are affected in someway by cash rate adjustments. On a personal level, interest rates for home, investment, and other loans are heavily influenced by the cash rate.

Historical Cash Rate Decisions

Effective DateChange in cash rate (%)New cash rate (%)
7 Nov 20180.01.5
3 Oct 20180.01.5
5 Sep 20180.01.5
8 Aug 20180.01.5
4 Jul 20180.01.5
6 Jun 20180.01.5
2 May 20180.01.5
3 Apr 20180.01.5
7 Mar 20180.01.5
7 Feb 20180.01.5
6 Dec 20170.01.5
8 Nov 20170.01.5
4 Oct 20170.01.5
6 Sep 20170.01.5
2 Aug 20170.01.5
6 Jun 20170.01.5
2 May 20170.01.5
4 Apr 20170.01.5
7 Mar 20170.01.5
8 Feb 20170.01.5
7 Dec 20160.01.5
2 Nov 20160.01.5
5 Oct 20160.01.5
7 Sep 20160.01.5
3 Aug 2016-0.251.5
6 Jul 20160.01.75
8 Jun 20160.01.75
4 May 2016-0.251.75
6 Apr 20160.02.0
2 Mar 20160.02.0
3 Feb 20160.02.0
2 Dec 20150.02.0
4 Nov 20150.02.0
7 Oct 20150.02.0
2 Sep 20150.02.0
5 Aug 20150.02.0
8 Jul 20150.02.0
3 Jun 20150.02.0
6 May 2015-0.252.0
8 Apr 20150.02.25

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