This page is used as a reference for RBA Monetary Policy Decisions. The RBA sets the cash rate on the first Tuesday of every month, with the exception of January. Those rate increases are passed onto borrowers via a rate increase due to the increased cost of funds. The current cash rate is 4.35%.
Latest Monetary Policy Decisions
Listed below are the latest RBA policy statements. You may review a historical archive of RBA Policy Statements in our Resources module.
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Number:2022-41Date:6 December 2022.At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-41Date:6 December 2022.At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-41Date:6 December 2022.At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-36Date:1 November 2022.At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.85 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-33Date:4 October 2022.At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-28Date:6 September 2022.At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-21Date:2 August 2022.At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-20Date:5 July 2022.At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on… [ Full Statement ]
Number:2022-14Date:7 June 2022.At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on… [ Full Statement ]
Number:2022-12Date:3 May 2022.At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points. It also increased the interest rate on… [ Full Statement ]
Number:2022-11Date:5 April 2022.At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per… [ Full Statement ]
Number:2022-05Date:1 March 2022.At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per… [ Full Statement ]
Number:2022-02Date:1 February 2022.At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per… [ Full Statement ]
Number:2021-29Date:7 December 2021.At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per… [ Full Statement ]
Number:2021-24Date:2 November 2021.At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per… [ Full Statement ]
Number:2021-22Date:5 October 2021.At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per… [ Full Statement ]
Number:2021-19Date:7 September 2021.At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per… [ Full Statement ]
Number:2021-14Date:3 August 2021.At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per… [ Full Statement ]
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Note: RBA Statements are sourced from the Reserve Bank of Australia. The official archive should be referenced for the most accurate information, and to source RBA media contacts.
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