The Australian Reserve Bank Cash Rate Changes.
19th March 2020 RBA Decision
At a special meeting today, the Board decided to lower the cash rate by 25 basis points to 0.25 per cent, effective 19th March 2020.
This is in response to the COVID-19 coronavirus.
3rd March 2020 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent, effective 4th March 2020.
The Australian major banks; Westpac, Commonwealth Bank, National Australia Bank and ANZ Bank immediately reduced their mortgage rates by the full 0.25% drop.
It was the first time the major banks had responded to an RBA rate cut by passing it on in full since February 2015.
1st October 2019 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent, effective 2 October 2019.
2nd July 2019 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent, effective 3 July 2019.
4th June 2019 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent, effective 5 June 2019.
2nd August 2016 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016.
3rd May 2016 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.75 per cent, effective 4 May 2016.
5th May 2015 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015.
3rd February 2015 RBA Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015.
History of RBA Cash Rate Changes.
- 0.50% 3 Mar 2020
- 0.75% 1 Oct 2019
- 1.00% 3 July 2019
- 1.25% 5 June 2019
- 1.50% 3 August 2016
- 1.75% 4 May 2016
- 2.00% 6 May 2015
- 2.25% 4 February 2015
- 2.50% 7 August 2013
- 2.75% 8 May 2013
- 3.00% 5 December 2012
- 3.25% 3 October 2012
- 3.50% 6 June 2012
- 3.75% 2 May 2012
- 4.25% 7 December 2011
- 4.50% 2 November 2011
- 4.75% 3 November 2010
- 4.50% 5 May 2010
- 4.25% 7 April 2010
- 4.00% 3 March 2010
- 3.75% 2 December 2009
- 3.50% 4 November 2009
- 3.25% 7 October 2009
- 3.00% 8 April 2009
- 3.25% 4 February 2009
- 4.25% 3 December 2008
- 5.25% 5 November 2008
- 6.00% 8 October 2008
- 7.00% 3 September 2008
- 7.25% 5 March 2008
- 7.00% 6 February 2008
- 6.75% 7 November 2007
- 6.50% 8 August 2007
- 6.25% 8 November 2006
- 6.00% 2 August 2006
- 5.75% 3 May 2006
- 5.50% 2 March 2005
- 5.25% 3 December 2003
- 5.00% 5 November 2003
- 4.75% 5 June 2002
- 4.50% 8 May 2002
- 4.25% 5 December 2001
- 4.50% 3 October 2001
- 4.75% 5 September 2001
- 5.00% 4 April 2001
- 5.50% 7 March 2001
- 5.75% 7 February 2001
- 6.25% 2 August 2000
- 6.00% 3 May 2000
- 5.75% 5 April 2000
- 5.50% 2 February 2000
- 5.00% 3 November 1999
- 4.75% 2 December 1998
- 5.00% 30 July 1997
- 5.50% 23 May 1997
- 6.00% 11 December 1996
- 6.50% 6 November 1996
- 7.00% 31 July 1996
- 7.50% 14 December 1994
- 6.50% 24 October 1994
- 5.50% 17 August 1994
- 4.75% 30 July 1993
- 5.25% 23 March 1993
- 5.75% 8 July 1992
- 6.50% 6 May 1992
- 7.50% 8 January 1992
- 8.50% 6 November 1991
- 9.50% 3 September 1991
- 10.50% 16 May 1991
- 11.50% 4 April 1991
- 12.00% 18 December 1990
- 13.00% 15 October 1990
- 14.00% 2 August 1990
- 15.50% 4 April 1990
- 17.00% 15 February 1990
- 17.50% 23 January 1990