RBA Rate Changes
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October 2022
October 4, 2021 At its meeting today, the Reserve Bank of Australia (RBA) decided to lift its interest rates by 25 basis points, increasing (i) the cash rate target to 2.60% and (ii) the interest rate on Exchange Settlement balances to 2.50%. The interest rate hike was less decisive than the 50bps expected by the markets.
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September 2022
September 6, 2022 At its meeting today, the RBA decided to lift its interest rates by 50bps, increasing (i) the cash rate target to 2.35%, and (ii) the interest rate on Exchange Settlement balances to 2.25%. The decision was in line with market expectations.
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August 2022
August 2, 2022 At its meeting today, the RBA Board decided to lift its interest rates by 50 basis points, increasing (i) the cash rate target to 1.85% and (ii) the interest rate on Exchange Settlement balances to 1.75%. The decision to deliver a third consecutive 50bps hike was in line with market expectations.
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July 2022
July 5, 2020 At its meeting today, the RBA decided to lift its interest rates by 50 basis points, increasing the cash rate to 1.35% and the interest rate on Exchange Settlement balances to 1.25%. The decision was in line with the market expectations.
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June 2022
June 7, 2022 At its meeting today, the Reserve Bank of Australia (RBA) decided:
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• to increase the cash rate target by 50 basis points to 0.85%; and
• to increase the interest rate on the Exchange Settlement balances by 50 basis points to 0.75%. -
May 2022
May 3, 2022 At its meeting today, the Reserve Bank of Australia (RBA) decided (i) to increase the cash rate target by 25 basis points to 0.35%, (ii) to increase the interest rate on the Exchange Settlement balances by 25 basis points to 0.25%, (iii) not to reinvest the proceeds of maturing government bonds in its portfolio, but also not to sell government bonds at this stage.
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