RBA Rate Changes

  • March 2020 – COVID-19

    March 19, 2020

    The Reserve Bank of Australia (RBA) Board announced a range of policies today in response to the COVID-19 pandemic, including:

    • cutting the cash rate target by 0.25 basis points to 0.25%, and committing to keep it at that level until progress is being made towards full employment and the Board is confident that inflation is sustainably within the target band,
    • introducing a target for 3-year government bond yields of around 0.25% to be achieved by purchasing Government bonds (including semis) in the in the secondary market (yield curve control),
    • establishing a new term funding facility with particular support for credit to small and medium-sized businesses (up to AUD 90B).

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  • March 2020

    March 3, 2020

    The RBA reduces the cash rate as expected by the market participants.

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  • October 2019

    October 1, 2019

    The Reserve Bank of Australia (RBA) Board cut the cash rate by 25 basis points to 0.75% at its monetary policy meeting today, taking its total cuts to 400 basis points since the first cut of the cycle in November 2011.

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  • July 2019

    July 2, 2019

    The Reserve Bank of Australia (RBA) Board cut the cash rate by 25 basis points to 1.00% at its monetary policy meeting today, taking its total cuts to 375 basis points since the first cut of the cycle in November 2011.

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  • June 2019

    June 4, 2019

    The Reserve Bank of Australia (RBA) Board cut the cash rate by 25 basis points to 1.25% at its monetary policy meeting today, taking its total cuts to 350 basis points since the first cut of the cycle in November 2011.

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  • August 2016

    August 2, 2016

    The Reserve Bank of Australia (RBA) Board cut the cash rate by 25 basis points to 1.50% at its monetary policy meeting today, taking its total cuts to 325 basis points since the first cut of the cycle in November 2011.

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