Australia Interest Rate 1990-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Australia was last recorded at 2.25 percent. Interest Rate in Australia averaged 5.13 percent from 1990 until 2015, reaching an all time high of 17.50 percent in January of 1990 and a record low of 2.25 percent in February of 2015. Interest Rate in Australia is reported by the Reserve Bank of Australia.

      Forecast    
Australia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.25 17.50 2.25 1990 - 2015 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. Content for - Australia Interest Rate - was last refreshed on Monday, March 30, 2015.


Australia Holds Cash Rate at Record Low


The Reserve Bank of Australia left the cash rate unchanged at a record low 2.25 percent on March 3rd, following last month's cut. Yet, policymakers signaled further easing may occur in the coming meetings.

Excerpt from the statement by Glenn Stevens, Governor:

In Australia the available information suggests that growth is continuing at a below-trend pace, with domestic demand growth overall quite weak. As a result, the unemployment rate has gradually moved higher over the past year. The economy is likely to be operating with a degree of spare capacity for some time yet. With growth in labour costs subdued, it appears likely that inflation will remain consistent with the target over the next one to two years, even with a lower exchange rate.

Credit is recording moderate growth overall, with stronger growth in lending to investors in housing assets. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities over recent months. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for equities and commercial property have risen, in part as a result of declining long-term interest rates.

The Australian dollar has declined noticeably against a rising US dollar, though less so against a basket of currencies. It remains above most estimates of its fundamental value, particularly given the significant declines in key commodity prices. A lower exchange rate is likely to be needed to achieve balanced growth in the economy.

At today’s meeting the Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being. Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target. The Board will further assess the case for such action at forthcoming meetings.

RBA l Rida Husna l rida@tradingeconomics.com
3/3/2015 11:18:30 AM


Recent Releases

Australia Cuts Cash Rate to Record Low of 2.25%
The Reserve Bank of Australia cut the cash rate by 25 basis points to a fresh record low of 2.25 percent. Policymakers said further reduction in the rate was appropriate as the economy needs more support to bring growth to a sustainable level and inflation consistent with the target. Published on 2015-02-03

Australia Holds Cash Rate at Record Low
The Reserve Bank of Australia left the cash rate unchanged at a record low of 2.5 percent on December 2nd. Policymakers said they expect growth to be a bit below trend for the next few quarters and lower exchange rate may be needed to achieve balanced growth. Published on 2014-12-02


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-03-19 12:30 AM
RBA Bulletin 
2015-03-24 04:50 AM
RBA Assist Gov Edey Speech 
2015-03-25 12:30 AM
Financial Stability Review 
2015-04-07 04:30 AM
RBA Interest Rate Decision 
2.25% 2.25%
2015-04-21 02:30 AM
RBA Meeting's Minutes 
2015-05-05 05:30 AM
RBA Interest Rate Decision 
2.25%


Australia Money Last Previous Highest Lowest Unit
Interest Rate 2.25 2.25 17.50 2.25 percent [+]
Interbank Rate 2.47 2.69 18.18 2.47 percent [+]
Money Supply M1 316253.00 309905.00 316253.00 8246.00 AUD Million [+]
Money Supply M3 1739687.00 1732501.00 1739687.00 10191.00 AUD Million [+]
Central Bank Balance Sheet 156730.00 146549.00 166360.00 30418.00 AUD Million [+]
Foreign Exchange Reserves 64321.00 62537.00 84610.00 1126.00 AUD Million [+]
Loans to Private Sector 2049072.00 2037136.00 2049072.00 18595.00 AUD Million [+]
Banks Balance Sheet 3575.54 3456.38 3575.54 322.96 AUD Billion [+]
Money Supply M0 89.09 92.16 92.16 4.09 AUD Billion [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Mar/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Mar/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Mar/15 0.05 4.75 0.05 percent [+]
France 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Mar/15 0.05 4.75 0.05 percent [+]
India 7.50 Mar/15 7.75 14.50 4.25 percent [+]
Indonesia 7.50 Mar/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Mar/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Mar/15 2.00 5.25 1.75 percent [+]
Spain 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Mar/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Mar/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]