Australia Interest Rate  1990-2016 | Data | Chart | Calendar | Forecast

The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on September 6th, as expected. "Having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time, " said the central bank governor, Glenn Stevens, who retires this month after a decade in the job. Interest Rate in Australia averaged 4.86 percent from 1990 until 2016, reaching an all time high of 17.50 percent in January of 1990 and a record low of 1.50 percent in August of 2016. Interest Rate in Australia is reported by the Reserve Bank of Australia.

Australia Interest Rate
Receive the next reported value for Australia Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 17.50 1.50 1990 - 2016 percent Daily
In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds. This page provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-05 04:30 AM RBA Interest Rate Decision 1.75% 1.75% 1.75% 1.75%
2016-08-02 04:30 AM RBA Interest Rate Decision 1.5% 1.75% 1.5% 1.5%
2016-09-06 04:30 AM RBA Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-10-04 03:30 AM RBA Interest Rate Decision 1.5% 1.5% 1.5%
2016-10-05 05:30 AM RBA Kent Speech
2016-10-16 12:30 AM RBA Financial Stability Review

Australia Holds Cash Rate Steady at 1.5%


The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on September 6th, as expected. While saying that low interest rates have been supporting domestic demand, policymakers judged inflation would remain quite low for some time.

Excerpt from the final statement by Glenn Stevens, Governor:

In Australia, recent data suggest that overall growth is continuing, despite a very large decline in business investment, helped by growth in other areas of domestic demand and exports. Labour market indicators continue to be somewhat mixed, but suggest continued expansion in employment in the near term.

Inflation remains quite low. Given very subdued growth in labour costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time.

Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 is helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are all assisting the economy to make the necessary economic adjustments, though an appreciating exchange rate could complicate this.

Supervisory measures have strengthened lending standards in the housing market. Separately, a number of lenders are also taking a more cautious attitude to lending in certain segments. The best available information suggests that dwelling prices overall have risen moderately over the past year and growth in lending for housing purposes has slowed. Considerable supply of apartments is scheduled to come on stream over the next couple of years, particularly in the eastern capital cities.

Taking account of the available information, and having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

RBA l Rida Husna | rida@tradingeconomics.com
9/6/2016 5:57:50 AM

Australia Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 17.50 1.50 percent [+]
Interbank Rate 2.04 2.32 18.18 2.04 percent [+]
Money Supply M0 98.58 98.30 100.60 4.09 AUD Billion [+]
Money Supply M1 331.22 326.88 331.22 8.25 AUD Billion [+]
Money Supply M3 1908.71 1893.52 1908.71 10.19 AUD Billion [+]
Banks Balance Sheet 4116.26 3983.57 4116.26 322.96 AUD Billion [+]
Central Bank Balance Sheet 156635.00 154863.00 190286.00 30418.00 AUD Million [+]
Foreign Exchange Reserves 62971.00 66019.00 84610.00 1126.00 AUD Million [+]
Loans to Private Sector 857.49 854.54 857.49 20.21 AUD Billion [+]
Deposit Interest Rate 2.30 2.90 15.69 2.30 percent [+]
Private Debt to GDP 224.68 214.53 224.68 126.70 percent [+]




Last
Malawi 27.00 Aug/16
Argentina 26.75 Sep/16
Ghana 26.00 Sep/16
Gambia 23.00 Aug/16
Venezuela 21.54 Jul/16
Haiti 20.00 Aug/16
Iran 20.00 Dec/16
Belarus 18.00 Aug/16
Mozambique 17.25 Aug/16
Angola 16.00 Sep/16
Zambia 15.50 Aug/16
Afghanistan 15.00 Aug/16
Azerbaijan 15.00 Sep/16
Mongolia 15.00 Aug/16
Ukraine 15.00 Sep/16
Yemen 15.00 Aug/16
Brazil 14.25 Sep/16
Sudan 14.20 Apr/16
Nigeria 14.00 Sep/16
Uganda 14.00 Aug/16
Liberia 13.57 Jun/16
Kazakhstan 13.00 Aug/16
Djibouti 12.70 Dec/14
Guinea 12.50 Jun/16
Suriname 12.50 Dec/15
Seychelles 12.30 Jul/16
Tanzania 12.00 Feb/16
Egypt 11.75 Sep/16
Zimbabwe 11.40 Jun/16
Tajikistan 11.00 Aug/16
Kenya 10.00 Sep/16
Lebanon 10.00 Aug/16
Myanmar 10.00 Aug/16
Russia 10.00 Sep/16
Sao Tome and Principe 10.00 Aug/16
Burundi 9.74 Apr/16
Moldova 9.50 Sep/16
Sierra Leone 9.50 Aug/16
Uruguay 9.25 Aug/16
Mauritania 9.00 Aug/16
Uzbekistan 9.00 Aug/16
Madagascar 8.30 Aug/16
Ecuador 8.21 Aug/16
Colombia 7.75 Sep/16
Cape Verde 7.50 Jun/16
Turkey 7.50 Sep/16
Maldives 7.00 Aug/16
Namibia 7.00 Aug/16
Nepal 7.00 Aug/16
South Africa 7.00 Sep/16
Sri Lanka 7.00 Sep/16
Swaziland 7.00 Sep/16
Lesotho 6.86 Mar/16
Armenia 6.75 Sep/16
Bangladesh 6.75 Aug/16
Georgia 6.50 Sep/16
India 6.50 Aug/16
Rwanda 6.50 Sep/16
Vietnam 6.50 Aug/16
Papua New Guinea 6.25 Aug/16
Bhutan 6.00 Aug/16
Kyrgyzstan 6.00 Sep/16
Pakistan 5.75 Sep/16
Botswana 5.50 Aug/16
Brunei 5.50 Aug/16
Honduras 5.50 Sep/16
Paraguay 5.50 Sep/16
Iceland 5.25 Aug/16
Bosnia and Herzegovina 5.01 Jul/16
Dominican Republic 5.00 Aug/16
Ethiopia 5.00 Aug/16
Guyana 5.00 Aug/16
Indonesia 5.00 Sep/16
Jamaica 5.00 Aug/16
Mexico 4.75 Sep/16
Trinidad and Tobago 4.75 Sep/16
Bahamas 4.50 Jul/16
Laos 4.50 Aug/16
Qatar 4.50 Aug/16
China 4.35 Aug/16
El Salvador 4.33 Apr/16
Peru 4.25 Sep/16
Tunisia 4.25 Aug/16
Algeria 4.00 Aug/16
Iraq 4.00 Aug/16
Macedonia 4.00 Aug/16
Mauritius 4.00 Aug/16
Serbia 4.00 Sep/16
Jordan 3.75 Aug/16
Benin 3.50 Sep/16
Burkina Faso 3.50 Sep/16
Chile 3.50 Sep/16
Guinea Bissau 3.50 Sep/16
Ivory Coast 3.50 Sep/16
Mali 3.50 Sep/16
Niger 3.50 Sep/16
Senegal 3.50 Sep/16
Togo 3.50 Sep/16
Barbados 3.43 Aug/16
Guatemala 3.00 Aug/16
Libya 3.00 Aug/16
Malaysia 3.00 Sep/16
Philippines 3.00 Sep/16
Belize 2.50 Aug/16
Croatia 2.50 Jul/16
Cameroon 2.45 Aug/16
Central African Republic 2.45 Aug/16
Chad 2.45 Aug/16
Equatorial Guinea 2.45 Aug/16
Gabon 2.45 Aug/16
Republic of the Congo 2.45 Aug/16
Cuba 2.25 Jul/16
Kuwait 2.25 Aug/16
Morocco 2.25 Sep/16
Bolivia 2.10 Aug/16
Congo 2.00 Aug/16
New Zealand 2.00 Sep/16
Saudi Arabia 2.00 Aug/16
Costa Rica 1.75 Aug/16
Romania 1.75 Sep/16
Australia 1.50 Sep/16
Poland 1.50 Sep/16
Thailand 1.50 Sep/16
Cambodia 1.45 Jun/16
Taiwan 1.38 Sep/16
Albania 1.25 Aug/16
South Korea 1.25 Sep/16
United Arab Emirates 1.25 Aug/16
Comoros 1.16 May/16
Oman 1.00 Aug/16
Hungary 0.90 Sep/16
Bahrain 0.75 Sep/16
Hong Kong 0.75 Aug/16
Macau 0.75 Aug/16
Canada 0.50 Sep/16
Fiji 0.50 Aug/16
Norway 0.50 Sep/16
United States 0.50 Sep/16
Panama 0.47 Jul/16
Singapore 0.38 Aug/16
New Caledonia 0.25 Aug/16
United Kingdom 0.25 Sep/16
Israel 0.10 Sep/16
Czech Republic 0.05 Sep/16
Austria 0.00 Sep/16
Belgium 0.00 Sep/16
Bulgaria 0.00 Sep/16
Cyprus 0.00 Sep/16
Estonia 0.00 Sep/16
Euro Area 0.00 Sep/16
Finland 0.00 Sep/16
France 0.00 Sep/16
Germany 0.00 Sep/16
Greece 0.00 Sep/16
Ireland 0.00 Sep/16
Italy 0.00 Sep/16
Latvia 0.00 Sep/16
Lithuania 0.00 Sep/16
Luxembourg 0.00 Sep/16
Malta 0.00 Sep/16
Netherlands 0.00 Sep/16
Portugal 0.00 Sep/16
Slovakia 0.00 Sep/16
Slovenia 0.00 Sep/16
Spain 0.00 Sep/16
Japan -0.10 Sep/16
Sweden -0.50 Sep/16
Denmark -0.65 Aug/16
Switzerland -0.75 Sep/16