Every month the Reserve Bank of Australia issues a target Policy Interest rate, from which most other loans take their lead.
The historic figures for these changes have been:
| Date 23-Jan-1990 15-Feb-1990 4-Apr-1990 2-Aug-1990 15-Oct-1990 18-Dec-1990 4-Apr-1991 16-May-1991 3-Sep-1991 6-Nov-1991 8-Jan-1992 6-May-1992 8-Jul-1992 23-Mar-1993 30-Jul-1993 17-Aug-1994 24-Oct-1994 14-Dec-1994 31-Jul-1996 6-Nov-1996 11-Dec-1996 23-May-1997 30-Jul-1997 2-Dec-1998 3-Nov-1999 |
Rate 17.50% 17.00% 15.50% 14.00% 13.00% 12.00% 11.50% 10.50% 9.50% 8.50% 7.50% 6.50% 5.75% 5.25% 4.75% 5.50% 6.50% 7.50% 7.00% 6.50% 6.00% 5.50% 5.00% 4.75% 5.00% |
Date 2-Feb-2000 5-Apr-2000 3-May-2000 2-Aug-2000 7-Feb-2001 7-Mar-2001 4-Apr-2001 5-Sep-2001 3-Oct-2001 5-Dec-2001 8-May-2002 5-Jun-2002 5-Nov-2003 3-Dec-2003 2-Mar-2005 3-May-2006 2-Aug-2006 8-Nov-2006 8-Aug-2007 7-Nov-2007 6-Feb-2008 5-Mar-2008 3-Sep-2008 8-Oct-2008 5-Nov-2008 |
Rate 5.50% 5.75% 6.00% 6.25% 5.75% 5.50% 5.00% 4.75% 4.50% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.00% 6.00% 5.25% |
Date 3-Dec-2008 4-Feb-2009 8-Apr-2009 7-Oct-2009 4-Nov-2009 1-Dec-2009 |
Rate 4.25% 3.25% 3.00% 3.25% 3.50% 3.75% |