Interest Rate Decisions
About the cash rate target
This table records the percentage change in the cash rate target beside the new target for the cash rate since 6 January 2008
Effective Date	Change% points	Cash rate target %	Related Documents
13 Aug 2025	-0.25	3.60	Statement Minutes
9 Jul 2025	0.00	3.85	Statement Minutes
21 May 2025	-0.25	3.85	Statement Minutes
2 Apr 2025	0.00	4.10	Statement Minutes
19 Feb 2025	-0.25	4.10	Statement Minutes
11 Dec 2024	0.00	4.35	Statement Minutes
6 Nov 2024	0.00	4.35	Statement Minutes
25 Sep 2024	0.00	4.35	Statement Minutes
7 Aug 2024	0.00	4.35	Statement Minutes
19 Jun 2024	0.00	4.35	Statement Minutes
8 May 2024	0.00	4.35	Statement Minutes
20 Mar 2024	0.00	4.35	Statement Minutes
7 Feb 2024	0.00	4.35	Statement Minutes
6 Dec 2023	0.00	4.35	Statement Minutes
8 Nov 2023	+0.25	4.35	Statement Minutes
4 Oct 2023	0.00	4.10	Statement Minutes
6 Sep 2023	0.00	4.10	Statement Minutes
2 Aug 2023	0.00	4.10	Statement Minutes
5 Jul 2023	0.00	4.10	Statement Minutes
7 Jun 2023	+0.25	4.10	Statement Minutes
3 May 2023	+0.25	3.85	Statement Minutes
5 Apr 2023	0.00	3.60	Statement Minutes
8 Mar 2023	+0.25	3.60	Statement Minutes
8 Feb 2023	+0.25	3.35	Statement Minutes
7 Dec 2022	+0.25	3.10	Statement Minutes
2 Nov 2022	+0.25	2.85	Statement Minutes
5 Oct 2022	+0.25	2.60	Statement Minutes
7 Sep 2022	+0.50	2.35	Statement Minutes
3 Aug 2022	+0.50	1.85	Statement Minutes
6 Jul 2022	+0.50	1.35	Statement Minutes
8 Jun 2022	+0.50	0.85	Statement Minutes
4 May 2022	+0.25	0.35	Statement Minutes
6 Apr 2022	0.00	0.10	Statement Minutes
2 Mar 2022	0.00	0.10	Statement Minutes
2 Feb 2022	0.00	0.10	Statement Minutes
8 Dec 2021	0.00	0.10	Statement Minutes
3 Nov 2021	0.00	0.10	Statement Minutes
6 Oct 2021	0.00	0.10	Statement Minutes
8 Sep 2021	0.00	0.10	Statement Minutes
4 Aug 2021	0.00	0.10	Statement Minutes
7 Jul 2021	0.00	0.10	Statement Minutes
2 Jun 2021	0.00	0.10	Statement Minutes
5 May 2021	0.00	0.10	Statement Minutes
7 Apr 2021	0.00	0.10	Statement Minutes
3 Mar 2021	0.00	0.10	Statement Minutes
3 Feb 2021	0.00	0.10	Statement Minutes
2 Dec 2020	0.00	0.10	Statement Minutes
4 Nov 2020	-0.15	0.10	Statement Minutes
7 Oct 2020	0.00	0.25	Statement Minutes
2 Sep 2020	0.00	0.25	Statement Minutes
5 Aug 2020	0.00	0.25	Statement Minutes
8 Jul 2020	0.00	0.25	Statement Minutes
3 Jun 2020	0.00	0.25	Statement Minutes
6 May 2020	0.00	0.25	Statement Minutes
8 Apr 2020	0.00	0.25	Statement Minutes
20 Mar 2020	-0.25	0.25	Statement Minutes
4 Mar 2020	-0.25	0.50	Statement Minutes
5 Feb 2020	0.00	0.75	Statement Minutes
4 Dec 2019	0.00	0.75	Statement Minutes
6 Nov 2019	0.00	0.75	Statement Minutes
2 Oct 2019	-0.25	0.75	Statement Minutes
4 Sep 2019	0.00	1.00	Statement Minutes
7 Aug 2019	0.00	1.00	Statement Minutes
3 Jul 2019	-0.25	1.00	Statement Minutes
5 Jun 2019	-0.25	1.25	Statement Minutes
8 May 2019	0.00	1.50	Statement Minutes
3 Apr 2019	0.00	1.50	Statement Minutes
6 Mar 2019	0.00	1.50	Statement Minutes
6 Feb 2019	0.00	1.50	Statement Minutes
5 Dec 2018	0.00	1.50	Statement Minutes
7 Nov 2018	0.00	1.50	Statement Minutes
3 Oct 2018	0.00	1.50	Statement Minutes
5 Sep 2018	0.00	1.50	Statement Minutes
8 Aug 2018	0.00	1.50	Statement Minutes
4 Jul 2018	0.00	1.50	Statement Minutes
6 Jun 2018	0.00	1.50	Statement Minutes
2 May 2018	0.00	1.50	Statement Minutes
4 Apr 2018	0.00	1.50	Statement Minutes
7 Mar 2018	0.00	1.50	Statement Minutes
7 Feb 2018	0.00	1.50	Statement Minutes
6 Dec 2017	0.00	1.50	Statement Minutes
8 Nov 2017	0.00	1.50	Statement Minutes
4 Oct 2017	0.00	1.50	Statement Minutes
6 Sep 2017	0.00	1.50	Statement Minutes
2 Aug 2017	0.00	1.50	Statement Minutes
5 Jul 2017	0.00	1.50	Statement Minutes
7 Jun 2017	0.00	1.50	Statement Minutes
3 May 2017	0.00	1.50	Statement Minutes
5 Apr 2017	0.00	1.50	Statement Minutes
8 Mar 2017	0.00	1.50	Statement Minutes
8 Feb 2017	0.00	1.50	Statement Minutes
7 Dec 2016	0.00	1.50	Statement Minutes
2 Nov 2016	0.00	1.50	Statement Minutes
5 Oct 2016	0.00	1.50	Statement Minutes
7 Sep 2016	0.00	1.50	Statement Minutes
3 Aug 2016	-0.25	1.50	Statement Minutes
6 Jul 2016	0.00	1.75	Statement Minutes
8 Jun 2016	0.00	1.75	Statement Minutes
4 May 2016	-0.25	1.75	Statement Minutes
6 Apr 2016	0.00	2.00	Statement Minutes
2 Mar 2016	0.00	2.00	Statement Minutes
3 Feb 2016	0.00	2.00	Statement Minutes
2 Dec 2015	0.00	2.00	Statement Minutes
4 Nov 2015	0.00	2.00	Statement Minutes
7 Oct 2015	0.00	2.00	Statement Minutes
2 Sep 2015	0.00	2.00	Statement Minutes
5 Aug 2015	0.00	2.00	Statement Minutes
8 Jul 2015	0.00	2.00	Statement Minutes
3 Jun 2015	0.00	2.00	Statement Minutes
6 May 2015	-0.25	2.00	Statement Minutes
8 Apr 2015	0.00	2.25	Statement Minutes
4 Mar 2015	0.00	2.25	Statement Minutes
4 Feb 2015	-0.25	2.25	Statement Minutes
3 Dec 2014	0.00	2.50	Statement Minutes
5 Nov 2014	0.00	2.50	Statement Minutes
8 Oct 2014	0.00	2.50	Statement Minutes
3 Sep 2014	0.00	2.50	Statement Minutes
6 Aug 2014	0.00	2.50	Statement Minutes
2 Jul 2014	0.00	2.50	Statement Minutes
4 Jun 2014	0.00	2.50	Statement Minutes
7 May 2014	0.00	2.50	Statement Minutes
2 Apr 2014	0.00	2.50	Statement Minutes
5 Mar 2014	0.00	2.50	Statement Minutes
5 Feb 2014	0.00	2.50	Statement Minutes
4 Dec 2013	0.00	2.50	Statement Minutes
6 Nov 2013	0.00	2.50	Statement Minutes
2 Oct 2013	0.00	2.50	Statement Minutes
4 Sep 2013	0.00	2.50	Statement Minutes
7 Aug 2013	-0.25	2.50	Statement Minutes
3 Jul 2013	0.00	2.75	Statement Minutes
5 Jun 2013	0.00	2.75	Statement Minutes
8 May 2013	-0.25	2.75	Statement Minutes
3 Apr 2013	0.00	3.00	Statement Minutes
6 Mar 2013	0.00	3.00	Statement Minutes
6 Feb 2013	0.00	3.00	Statement Minutes
5 Dec 2012	-0.25	3.00	Statement Minutes
7 Nov 2012	0.00	3.25	Statement Minutes
3 Oct 2012	-0.25	3.25	Statement Minutes
5 Sep 2012	0.00	3.50	Statement Minutes
8 Aug 2012	0.00	3.50	Statement Minutes
4 Jul 2012	0.00	3.50	Statement Minutes
6 Jun 2012	-0.25	3.50	Statement Minutes
2 May 2012	-0.50	3.75	Statement Minutes
4 Apr 2012	0.00	4.25	Statement Minutes
7 Mar 2012	0.00	4.25	Statement Minutes
8 Feb 2012	0.00	4.25	Statement Minutes
7 Dec 2011	-0.25	4.25	Statement Minutes
2 Nov 2011	-0.25	4.50	Statement Minutes
5 Oct 2011	0.00	4.75	Statement Minutes
7 Sep 2011	0.00	4.75	Statement Minutes
3 Aug 2011	0.00	4.75	Statement Minutes
6 Jul 2011	0.00	4.75	Statement Minutes
8 Jun 2011	0.00	4.75	Statement Minutes
4 May 2011	0.00	4.75	Statement Minutes
6 Apr 2011	0.00	4.75	Statement Minutes
2 Mar 2011	0.00	4.75	Statement Minutes
2 Feb 2011	0.00	4.75	Statement Minutes
8 Dec 2010	0.00	4.75	Statement Minutes
3 Nov 2010	+0.25	4.75	Statement Minutes
6 Oct 2010	0.00	4.50	Statement Minutes
8 Sep 2010	0.00	4.50	Statement Minutes
4 Aug 2010	0.00	4.50	Statement Minutes
7 Jul 2010	0.00	4.50	Statement Minutes
2 Jun 2010	0.00	4.50	Statement Minutes
5 May 2010	+0.25	4.50	Statement Minutes
7 Apr 2010	+0.25	4.25	Statement Minutes
3 Mar 2010	+0.25	4.00	Statement Minutes
3 Feb 2010	0.00	3.75	Statement Minutes
2 Dec 2009	+0.25	3.75	Statement Minutes
4 Nov 2009	+0.25	3.50	Statement Minutes
7 Oct 2009	+0.25	3.25	Statement Minutes
2 Sep 2009	0.00	3.00	Statement Minutes
5 Aug 2009	0.00	3.00	Statement Minutes
8 Jul 2009	0.00	3.00	Statement Minutes
3 Jun 2009	0.00	3.00	Statement Minutes
6 May 2009	0.00	3.00	Statement Minutes
8 Apr 2009	-0.25	3.00	Statement Minutes
4 Mar 2009	0.00	3.25	Statement Minutes
4 Feb 2009	-1.00	3.25	Statement Minutes
3 Dec 2008	-1.00	4.25	Statement Minutes
5 Nov 2008	-0.75	5.25	Statement Minutes
8 Oct 2008	-1.00	6.00	Statement Minutes
3 Sep 2008	-0.25	7.00	Statement Minutes
6 Aug 2008	0.00	7.25	Statement Minutes
2 Jul 2008	0.00	7.25	Statement Minutes
4 Jun 2008	0.00	7.25	Statement Minutes
7 May 2008	0.00	7.25	Statement Minutes
2 Apr 2008	0.00	7.25	Statement Minutes
5 Mar 2008	+0.25	7.25	Statement Minutes
6 Feb 2008	+0.25	7.00	Statement Minutes
5 Dec 2007	0.00	6.75	Statement Minutes
7 Nov 2007	+0.25	6.75	Statement Minutes
3 Oct 2007	0.00	6.50	Minutes
5 Sep 2007	0.00	6.50	Minutes
8 Aug 2007	+0.25	6.50	Statement Minutes
4 Jul 2007	0.00	6.25	Minutes
6 Jun 2007	0.00	6.25	Minutes
2 May 2007	0.00	6.25	Minutes
4 Apr 2007	0.00	6.25	Minutes
7 Mar 2007	0.00	6.25	Minutes
7 Feb 2007	0.00	6.25	Minutes
6 Dec 2006	0.00	6.25	Minutes
8 Nov 2006	+0.25	6.25	Statement Minutes
4 Oct 2006	0.00	6.00	Minutes
6 Sep 2006	0.00	6.00
2 Aug 2006	+0.25	6.00	Statement
5 Jul 2006	0.00	5.75
7 Jun 2006	0.00	5.75
3 May 2006	+0.25	5.75	Statement
5 Apr 2006	0.00	5.50
8 Mar 2006	0.00	5.50
8 Feb 2006	0.00	5.50
7 Dec 2005	0.00	5.50
2 Nov 2005	0.00	5.50
5 Oct 2005	0.00	5.50
7 Sep 2005	0.00	5.50
3 Aug 2005	0.00	5.50
6 Jul 2005	0.00	5.50
8 Jun 2005	0.00	5.50
4 May 2005	0.00	5.50
6 Apr 2005	0.00	5.50
2 Mar 2005	+0.25	5.50	Statement
2 Feb 2005	0.00	5.25
8 Dec 2004	0.00	5.25
3 Nov 2004	0.00	5.25
6 Oct 2004	0.00	5.25
8 Sep 2004	0.00	5.25
4 Aug 2004	0.00	5.25
7 Jul 2004	0.00	5.25
2 Jun 2004	0.00	5.25
5 May 2004	0.00	5.25
7 Apr 2004	0.00	5.25
3 Mar 2004	0.00	5.25
4 Feb 2004	0.00	5.25
3 Dec 2003	+0.25	5.25	Statement
5 Nov 2003	+0.25	5.00	Statement
8 Oct 2003	0.00	4.75
3 Sep 2003	0.00	4.75
6 Aug 2003	0.00	4.75
2 Jul 2003	0.00	4.75
4 Jun 2003	0.00	4.75
7 May 2003	0.00	4.75
2 Apr 2003	0.00	4.75
5 Mar 2003	0.00	4.75
5 Feb 2003	0.00	4.75
4 Dec 2002	0.00	4.75
6 Nov 2002	0.00	4.75
2 Oct 2002	0.00	4.75
4 Sep 2002	0.00	4.75
7 Aug 2002	0.00	4.75
3 Jul 2002	0.00	4.75
5 Jun 2002	+0.25	4.75	Statement
8 May 2002	+0.25	4.50	Statement
3 Apr 2002	0.00	4.25
6 Mar 2002	0.00	4.25
6 Feb 2002	0.00	4.25
5 Dec 2001	-0.25	4.25	Statement
7 Nov 2001	0.00	4.50
3 Oct 2001	-0.25	4.50	Statement
5 Sep 2001	-0.25	4.75	Statement
8 Aug 2001	0.00	5.00
4 Jul 2001	0.00	5.00
6 Jun 2001	0.00	5.00
2 May 2001	0.00	5.00
4 Apr 2001	-0.50	5.00	Statement
7 Mar 2001	-0.25	5.50	Statement
7 Feb 2001	-0.50	5.75	Statement
6 Dec 2000	0.00	6.25
8 Nov 2000	0.00	6.25
4 Oct 2000	0.00	6.25
6 Sep 2000	0.00	6.25
2 Aug 2000	+0.25	6.25	Statement
5 Jul 2000	0.00	6.00
7 Jun 2000	0.00	6.00
3 May 2000	+0.25	6.00	Statement
5 Apr 2000	+0.25	5.75	Statement
8 Mar 2000	0.00	5.50
2 Feb 2000	+0.50	5.50	Statement
8 Dec 1999	0.00	5.00
3 Nov 1999	+0.25	5.00	Statement
6 Oct 1999	0.00	4.75
8 Sep 1999	0.00	4.75
4 Aug 1999	0.00	4.75
7 Jul 1999	0.00	4.75
2 Jun 1999	0.00	4.75
5 May 1999	0.00	4.75
7 Apr 1999	0.00	4.75
3 Mar 1999	0.00	4.75
3 Feb 1999	0.00	4.75
2 Dec 1998	-0.25	4.75	Statement
4 Nov 1998	0.00	5.00
7 Oct 1998	0.00	5.00
2 Sep 1998	0.00	5.00
5 Aug 1998	0.00	5.00
8 Jul 1998	0.00	5.00
3 Jun 1998	0.00	5.00
6 May 1998	0.00	5.00
8 Apr 1998	0.00	5.00
4 Mar 1998	0.00	5.00
4 Feb 1998	0.00	5.00
3 Dec 1997	0.00	5.00
5 Nov 1997	0.00	5.00
8 Oct 1997	0.00	5.00
3 Sep 1997	0.00	5.00
6 Aug 1997	0.00	5.00
30 Jul 1997	-0.50	5.00	Statement
2 Jul 1997	0.00	5.50
4 Jun 1997	0.00	5.50
23 May 1997	-0.50	5.50	Statement
7 May 1997	0.00	6.00
2 Apr 1997	0.00	6.00
5 Mar 1997	0.00	6.00
5 Feb 1997	0.00	6.00
11 Dec 1996	-0.50	6.00	Statement
6 Nov 1996	-0.50	6.50	Statement
2 Oct 1996	0.00	7.00
4 Sep 1996	0.00	7.00
31 Jul 1996	-0.50	7.00	Statement
3 Jul 1996	0.00	7.50
5 Jun 1996	0.00	7.50
8 May 1996	0.00	7.50
3 Apr 1996	0.00	7.50
6 Mar 1996	0.00	7.50
7 Feb 1996	0.00	7.50
6 Dec 1995	0.00	7.50
8 Nov 1995	0.00	7.50
4 Oct 1995	0.00	7.50
6 Sep 1995	0.00	7.50
26 Jul 1995	0.00	7.50
5 Jul 1995	0.00	7.50
7 Jun 1995	0.00	7.50
3 May 1995	0.00	7.50
5 Apr 1995	0.00	7.50
8 Mar 1995	0.00	7.50
8 Feb 1995	0.00	7.50
14 Dec 1994	+1.00	7.50	Statement
2 Nov 1994	0.00	6.50
24 Oct 1994	+1.00	6.50	Statement
7 Sep 1994	0.00	5.50
17 Aug 1994	+0.75	5.50	Statement
27 Jul 1994	0.00	4.75
6 Jul 1994	0.00	4.75
8 Jun 1994	0.00	4.75
4 May 1994	0.00	4.75
30 Mar 1994	0.00	4.75
2 Mar 1994	0.00	4.75
2 Feb 1994	0.00	4.75
8 Dec 1993	0.00	4.75
3 Nov 1993	0.00	4.75
6 Oct 1993	0.00	4.75
8 Sep 1993	0.00	4.75
30 Jul 1993	-0.50	4.75	Statement
7 Jul 1993	0.00	5.25
2 Jun 1993	0.00	5.25
5 May 1993	0.00	5.25
7 Apr 1993	0.00	5.25
23 Mar 1993	-0.50	5.25	Statement
3 Feb 1993	0.00	5.75
2 Dec 1992	0.00	5.75
4 Nov 1992	0.00	5.75
7 Oct 1992	0.00	5.75
2 Sep 1992	0.00	5.75
29 Jul 1992	0.00	5.75
8 Jul 1992	-0.75	5.75	Statement
3 Jun 1992	0.00	6.50
6 May 1992	-1.00	6.50	Statement
8 Apr 1992	0.00	7.50
4 Mar 1992	0.00	7.50
5 Feb 1992	0.00	7.50
8 Jan 1992	-1.00	7.50	Statement
4 Dec 1991	0.00	8.50
6 Nov 1991	-1.00	8.50	Statement
2 Oct 1991	0.00	9.50
3 Sep 1991	-1.00	9.50	Statement
31 Jul 1991	0.00	10.50
3 Jul 1991	0.00	10.50
14 Jun 1991	0.00	10.50
16 May 1991	-1.00	10.50	Statement
4 Apr 1991	-0.50	11.50	Statement
6 Mar 1991	0.00	12.00
6 Feb 1991	0.00	12.00
18 Dec 1990	-1.00	12.00	Statement
7 Nov 1990	0.00	13.00
15 Oct 1990	-1.00	13.00	Statement
5 Sep 1990	0.00	14.00
2 Aug 1990	-1.00	14.00	Statement
4 Jul 1990	0.00	15.00 to 15.50
6 Jun 1990	0.00	15.00 to 15.50
2 May 1990	0.00	15.00 to 15.50
4 Apr 1990	-1.00 to -1.50	15.00 to 15.50	Statement
7 Mar 1990	0.00	16.50 to 17.00
15 Feb 1990	-0.50	16.50 to 17.00	Statement
23 Jan 1990	-0.50 to -1.00	17.00 to 17.50	Statement
Legend:
Cash rate decreased
Cash rate increased
Cash rate unchanged