01
2008–2019
Post-GFC easing trend
The cash rate progressively moved lower as inflation and growth conditions softened.
AU
BONDSTATS / RBA
OFFICIAL-SOURCE ARCHIVE
Australia · AUD · MONETARY POLICY
Reserve Bank of Australia
Interest Rate History
The cash rate target is the RBA’s primary monetary-policy rate. The official RBA table records both changes and no-change decisions, with effective dates.
CURRENT PHASERenewed tightening / hold
LATEST RATE MOVE+25 bp · effective May 6, 2026
HISTORY LOW*0.10%
HISTORY HIGH*4.35%
LARGEST MOVE*+50 bp
01
Policy-rate path
*Statistics refer to the selected points displayed in this BondStats archive, not necessarily the bank’s all-time extremes.
Selected cash-rate target changes and the latest hold. Official RBA history extends further back.22 displayed rate changes
02
Policy regime timeline
02
2020–2021
Effective-lower-bound phase
The RBA cut to 0.10% and paired low rates with unconventional support.
03
2022–2023
Inflation tightening
The cash rate rose rapidly from 0.10% to 4.35%.
04
2025
Easing cycle
Three cuts lowered the target to 3.60% as inflation moderated.
05
2026
Renewed tightening
The RBA reversed course with three 25 bp hikes to 4.35%, then paused.
04
Rate-change archive
Latest first · selected official changes and major transition points
| Date | Policy rate / target | Move | Context |
|---|---|---|---|
| 2026-08-12 | 4.35% | Hold | Latest verified hold |
| 2026-05-06 | 4.35% | +25 bp | Official rate change |
| 2026-03-18 | 4.10% | +25 bp | Official rate change |
| 2026-02-04 | 3.85% | +25 bp | Official rate change |
| 2025-08-13 | 3.60% | -25 bp | Official rate change |
| 2025-05-21 | 3.85% | -25 bp | Official rate change |
| 2025-02-19 | 4.10% | -25 bp | Official rate change |
| 2023-11-08 | 4.35% | +25 bp | Official rate change |
| 2023-06-07 | 4.10% | +25 bp | Official rate change |
| 2023-05-03 | 3.85% | +25 bp | Official rate change |
| 2023-03-08 | 3.60% | +25 bp | Official rate change |
| 2023-02-08 | 3.35% | +25 bp | Official rate change |
| 2022-12-07 | 3.10% | +25 bp | Official rate change |
| 2022-11-02 | 2.85% | +25 bp | Official rate change |
| 2022-10-05 | 2.60% | +25 bp | Official rate change |
| 2022-09-07 | 2.35% | +50 bp | Official rate change |
| 2022-08-03 | 1.85% | +50 bp | Official rate change |
| 2022-07-06 | 1.35% | +50 bp | Official rate change |
| 2022-06-08 | 0.85% | +50 bp | Official rate change |
| 2022-05-04 | 0.35% | +25 bp | Official rate change |
| 2020-11-04 | 0.10% | -15 bp | Pandemic low |
| 2020-03-20 | 0.25% | -25 bp | Official rate change |
| 2020-03-04 | 0.50% | -25 bp | Official rate change |
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