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RBA cash rate history · Source checked 6 October 2026

RBA cash rate history: every decision since 1990

What is the interest rate in Australia today?

Australia's official interest rate, the RBA cash rate target, is 4.60% per annum, effective 30 September 2026, after the Reserve Bank of Australia lifted it by 0.25 percentage points. That is the 4th rise of 2026 and the 20thchange since the 2022 cycle began, Ratesniffers records from the RBA's own cash rate table.

4.60%cash rate target now
4rises in 2026
20changes since Jan 2022
402decisions since 1990

RBA cash rate decisions 2022 to 2026

Effective date, change and new target as published by the RBA. For each 2026 rise, the last two columns show how many of the lenders Ratesniffers tracks had announced a matching variable rate change, and the median days from the RBA decision to their effective date, from the rate change tracker.

Effective dateChangeCash rate targetLenders movedMedian days to pass on
30 September 2026+0.25 pts4.60%3610 days
12 August 2026Hold4.35%
17 June 2026Hold4.35%
6 May 2026+0.25 pts4.35%4510 days
18 March 2026+0.25 pts4.10%4710 days
4 February 2026+0.25 pts3.85%4510 days
10 December 2025Hold3.60%
5 November 2025Hold3.60%
1 October 2025Hold3.60%
13 August 2025-0.25 pts3.60%
9 July 2025Hold3.85%
21 May 2025-0.25 pts3.85%
2 April 2025Hold4.10%
19 February 2025-0.25 pts4.10%
11 December 2024Hold4.35%
6 November 2024Hold4.35%
25 September 2024Hold4.35%
7 August 2024Hold4.35%
19 June 2024Hold4.35%
8 May 2024Hold4.35%
20 March 2024Hold4.35%
7 February 2024Hold4.35%
6 December 2023Hold4.35%
8 November 2023+0.25 pts4.35%
4 October 2023Hold4.10%
6 September 2023Hold4.10%
2 August 2023Hold4.10%
5 July 2023Hold4.10%
7 June 2023+0.25 pts4.10%
3 May 2023+0.25 pts3.85%
5 April 2023Hold3.60%
8 March 2023+0.25 pts3.60%
8 February 2023+0.25 pts3.35%
7 December 2022+0.25 pts3.10%
2 November 2022+0.25 pts2.85%
5 October 2022+0.25 pts2.60%
7 September 2022+0.50 pts2.35%
3 August 2022+0.50 pts1.85%
6 July 2022+0.50 pts1.35%
8 June 2022+0.50 pts0.85%
4 May 2022+0.25 pts0.35%
6 April 2022Hold0.10%
2 March 2022Hold0.10%
2 February 2022Hold0.10%

Every RBA cash rate decision by year, 1990 to 2021

The full series, newest first. Holds are included so the table shows how long each rate lasted. Before 2008 the RBA published some targets as a range; those rows carry the range exactly as the RBA states it.

2021: 0 changes, ending at 0.10%
Effective dateChangeCash rate target
8 December 2021Hold0.10%
3 November 2021Hold0.10%
6 October 2021Hold0.10%
8 September 2021Hold0.10%
4 August 2021Hold0.10%
7 July 2021Hold0.10%
2 June 2021Hold0.10%
5 May 2021Hold0.10%
7 April 2021Hold0.10%
3 March 2021Hold0.10%
3 February 2021Hold0.10%
2020: 3 changes, ending at 0.10%
Effective dateChangeCash rate target
2 December 2020Hold0.10%
4 November 2020-0.15 pts0.10%
7 October 2020Hold0.25%
2 September 2020Hold0.25%
5 August 2020Hold0.25%
8 July 2020Hold0.25%
3 June 2020Hold0.25%
6 May 2020Hold0.25%
8 April 2020Hold0.25%
20 March 2020-0.25 pts0.25%
4 March 2020-0.25 pts0.50%
5 February 2020Hold0.75%
2019: 3 changes, ending at 0.75%
Effective dateChangeCash rate target
4 December 2019Hold0.75%
6 November 2019Hold0.75%
2 October 2019-0.25 pts0.75%
4 September 2019Hold1.00%
7 August 2019Hold1.00%
3 July 2019-0.25 pts1.00%
5 June 2019-0.25 pts1.25%
8 May 2019Hold1.50%
3 April 2019Hold1.50%
6 March 2019Hold1.50%
6 February 2019Hold1.50%
2018: 0 changes, ending at 1.50%
Effective dateChangeCash rate target
5 December 2018Hold1.50%
7 November 2018Hold1.50%
3 October 2018Hold1.50%
5 September 2018Hold1.50%
8 August 2018Hold1.50%
4 July 2018Hold1.50%
6 June 2018Hold1.50%
2 May 2018Hold1.50%
4 April 2018Hold1.50%
7 March 2018Hold1.50%
7 February 2018Hold1.50%
2017: 0 changes, ending at 1.50%
Effective dateChangeCash rate target
6 December 2017Hold1.50%
8 November 2017Hold1.50%
4 October 2017Hold1.50%
6 September 2017Hold1.50%
2 August 2017Hold1.50%
5 July 2017Hold1.50%
7 June 2017Hold1.50%
3 May 2017Hold1.50%
5 April 2017Hold1.50%
8 March 2017Hold1.50%
8 February 2017Hold1.50%
2016: 2 changes, ending at 1.50%
Effective dateChangeCash rate target
7 December 2016Hold1.50%
2 November 2016Hold1.50%
5 October 2016Hold1.50%
7 September 2016Hold1.50%
3 August 2016-0.25 pts1.50%
6 July 2016Hold1.75%
8 June 2016Hold1.75%
4 May 2016-0.25 pts1.75%
6 April 2016Hold2.00%
2 March 2016Hold2.00%
3 February 2016Hold2.00%
2015: 2 changes, ending at 2.00%
Effective dateChangeCash rate target
2 December 2015Hold2.00%
4 November 2015Hold2.00%
7 October 2015Hold2.00%
2 September 2015Hold2.00%
5 August 2015Hold2.00%
8 July 2015Hold2.00%
3 June 2015Hold2.00%
6 May 2015-0.25 pts2.00%
8 April 2015Hold2.25%
4 March 2015Hold2.25%
4 February 2015-0.25 pts2.25%
2014: 0 changes, ending at 2.50%
Effective dateChangeCash rate target
3 December 2014Hold2.50%
5 November 2014Hold2.50%
8 October 2014Hold2.50%
3 September 2014Hold2.50%
6 August 2014Hold2.50%
2 July 2014Hold2.50%
4 June 2014Hold2.50%
7 May 2014Hold2.50%
2 April 2014Hold2.50%
5 March 2014Hold2.50%
5 February 2014Hold2.50%
2013: 2 changes, ending at 2.50%
Effective dateChangeCash rate target
4 December 2013Hold2.50%
6 November 2013Hold2.50%
2 October 2013Hold2.50%
4 September 2013Hold2.50%
7 August 2013-0.25 pts2.50%
3 July 2013Hold2.75%
5 June 2013Hold2.75%
8 May 2013-0.25 pts2.75%
3 April 2013Hold3.00%
6 March 2013Hold3.00%
6 February 2013Hold3.00%
2012: 4 changes, ending at 3.00%
Effective dateChangeCash rate target
5 December 2012-0.25 pts3.00%
7 November 2012Hold3.25%
3 October 2012-0.25 pts3.25%
5 September 2012Hold3.50%
8 August 2012Hold3.50%
4 July 2012Hold3.50%
6 June 2012-0.25 pts3.50%
2 May 2012-0.50 pts3.75%
4 April 2012Hold4.25%
7 March 2012Hold4.25%
8 February 2012Hold4.25%
2011: 2 changes, ending at 4.25%
Effective dateChangeCash rate target
7 December 2011-0.25 pts4.25%
2 November 2011-0.25 pts4.50%
5 October 2011Hold4.75%
7 September 2011Hold4.75%
3 August 2011Hold4.75%
6 July 2011Hold4.75%
8 June 2011Hold4.75%
4 May 2011Hold4.75%
6 April 2011Hold4.75%
2 March 2011Hold4.75%
2 February 2011Hold4.75%
2010: 4 changes, ending at 4.75%
Effective dateChangeCash rate target
8 December 2010Hold4.75%
3 November 2010+0.25 pts4.75%
6 October 2010Hold4.50%
8 September 2010Hold4.50%
4 August 2010Hold4.50%
7 July 2010Hold4.50%
2 June 2010Hold4.50%
5 May 2010+0.25 pts4.50%
7 April 2010+0.25 pts4.25%
3 March 2010+0.25 pts4.00%
3 February 2010Hold3.75%
2009: 5 changes, ending at 3.75%
Effective dateChangeCash rate target
2 December 2009+0.25 pts3.75%
4 November 2009+0.25 pts3.50%
7 October 2009+0.25 pts3.25%
2 September 2009Hold3.00%
5 August 2009Hold3.00%
8 July 2009Hold3.00%
3 June 2009Hold3.00%
6 May 2009Hold3.00%
8 April 2009-0.25 pts3.00%
4 March 2009Hold3.25%
4 February 2009-1.00 pts3.25%
2008: 6 changes, ending at 4.25%
Effective dateChangeCash rate target
3 December 2008-1.00 pts4.25%
5 November 2008-0.75 pts5.25%
8 October 2008-1.00 pts6.00%
3 September 2008-0.25 pts7.00%
6 August 2008Hold7.25%
2 July 2008Hold7.25%
4 June 2008Hold7.25%
7 May 2008Hold7.25%
2 April 2008Hold7.25%
5 March 2008+0.25 pts7.25%
6 February 2008+0.25 pts7.00%
2007: 2 changes, ending at 6.75%
Effective dateChangeCash rate target
5 December 2007Hold6.75%
7 November 2007+0.25 pts6.75%
3 October 2007Hold6.50%
5 September 2007Hold6.50%
8 August 2007+0.25 pts6.50%
4 July 2007Hold6.25%
6 June 2007Hold6.25%
2 May 2007Hold6.25%
4 April 2007Hold6.25%
7 March 2007Hold6.25%
7 February 2007Hold6.25%
2006: 3 changes, ending at 6.25%
Effective dateChangeCash rate target
6 December 2006Hold6.25%
8 November 2006+0.25 pts6.25%
4 October 2006Hold6.00%
6 September 2006Hold6.00%
2 August 2006+0.25 pts6.00%
5 July 2006Hold5.75%
7 June 2006Hold5.75%
3 May 2006+0.25 pts5.75%
5 April 2006Hold5.50%
8 March 2006Hold5.50%
8 February 2006Hold5.50%
2005: 1 change, ending at 5.50%
Effective dateChangeCash rate target
7 December 2005Hold5.50%
2 November 2005Hold5.50%
5 October 2005Hold5.50%
7 September 2005Hold5.50%
3 August 2005Hold5.50%
6 July 2005Hold5.50%
8 June 2005Hold5.50%
4 May 2005Hold5.50%
6 April 2005Hold5.50%
2 March 2005+0.25 pts5.50%
2 February 2005Hold5.25%
2004: 0 changes, ending at 5.25%
Effective dateChangeCash rate target
8 December 2004Hold5.25%
3 November 2004Hold5.25%
6 October 2004Hold5.25%
8 September 2004Hold5.25%
4 August 2004Hold5.25%
7 July 2004Hold5.25%
2 June 2004Hold5.25%
5 May 2004Hold5.25%
7 April 2004Hold5.25%
3 March 2004Hold5.25%
4 February 2004Hold5.25%
2003: 2 changes, ending at 5.25%
Effective dateChangeCash rate target
3 December 2003+0.25 pts5.25%
5 November 2003+0.25 pts5.00%
8 October 2003Hold4.75%
3 September 2003Hold4.75%
6 August 2003Hold4.75%
2 July 2003Hold4.75%
4 June 2003Hold4.75%
7 May 2003Hold4.75%
2 April 2003Hold4.75%
5 March 2003Hold4.75%
5 February 2003Hold4.75%
2002: 2 changes, ending at 4.75%
Effective dateChangeCash rate target
4 December 2002Hold4.75%
6 November 2002Hold4.75%
2 October 2002Hold4.75%
4 September 2002Hold4.75%
7 August 2002Hold4.75%
3 July 2002Hold4.75%
5 June 2002+0.25 pts4.75%
8 May 2002+0.25 pts4.50%
3 April 2002Hold4.25%
6 March 2002Hold4.25%
6 February 2002Hold4.25%
2001: 6 changes, ending at 4.25%
Effective dateChangeCash rate target
5 December 2001-0.25 pts4.25%
7 November 2001Hold4.50%
3 October 2001-0.25 pts4.50%
5 September 2001-0.25 pts4.75%
8 August 2001Hold5.00%
4 July 2001Hold5.00%
6 June 2001Hold5.00%
2 May 2001Hold5.00%
4 April 2001-0.50 pts5.00%
7 March 2001-0.25 pts5.50%
7 February 2001-0.50 pts5.75%
2000: 4 changes, ending at 6.25%
Effective dateChangeCash rate target
6 December 2000Hold6.25%
8 November 2000Hold6.25%
4 October 2000Hold6.25%
6 September 2000Hold6.25%
2 August 2000+0.25 pts6.25%
5 July 2000Hold6.00%
7 June 2000Hold6.00%
3 May 2000+0.25 pts6.00%
5 April 2000+0.25 pts5.75%
8 March 2000Hold5.50%
2 February 2000+0.50 pts5.50%
1999: 1 change, ending at 5.00%
Effective dateChangeCash rate target
8 December 1999Hold5.00%
3 November 1999+0.25 pts5.00%
6 October 1999Hold4.75%
8 September 1999Hold4.75%
4 August 1999Hold4.75%
7 July 1999Hold4.75%
2 June 1999Hold4.75%
5 May 1999Hold4.75%
7 April 1999Hold4.75%
3 March 1999Hold4.75%
3 February 1999Hold4.75%
1998: 1 change, ending at 4.75%
Effective dateChangeCash rate target
2 December 1998-0.25 pts4.75%
4 November 1998Hold5.00%
7 October 1998Hold5.00%
2 September 1998Hold5.00%
5 August 1998Hold5.00%
8 July 1998Hold5.00%
3 June 1998Hold5.00%
6 May 1998Hold5.00%
8 April 1998Hold5.00%
4 March 1998Hold5.00%
4 February 1998Hold5.00%
1997: 2 changes, ending at 5.00%
Effective dateChangeCash rate target
3 December 1997Hold5.00%
5 November 1997Hold5.00%
8 October 1997Hold5.00%
3 September 1997Hold5.00%
6 August 1997Hold5.00%
30 July 1997-0.50 pts5.00%
2 July 1997Hold5.50%
4 June 1997Hold5.50%
23 May 1997-0.50 pts5.50%
7 May 1997Hold6.00%
2 April 1997Hold6.00%
5 March 1997Hold6.00%
5 February 1997Hold6.00%
1996: 3 changes, ending at 6.00%
Effective dateChangeCash rate target
11 December 1996-0.50 pts6.00%
6 November 1996-0.50 pts6.50%
2 October 1996Hold7.00%
4 September 1996Hold7.00%
31 July 1996-0.50 pts7.00%
3 July 1996Hold7.50%
5 June 1996Hold7.50%
8 May 1996Hold7.50%
3 April 1996Hold7.50%
6 March 1996Hold7.50%
7 February 1996Hold7.50%
1995: 0 changes, ending at 7.50%
Effective dateChangeCash rate target
6 December 1995Hold7.50%
8 November 1995Hold7.50%
4 October 1995Hold7.50%
6 September 1995Hold7.50%
26 July 1995Hold7.50%
5 July 1995Hold7.50%
7 June 1995Hold7.50%
3 May 1995Hold7.50%
5 April 1995Hold7.50%
8 March 1995Hold7.50%
8 February 1995Hold7.50%
1994: 3 changes, ending at 7.50%
Effective dateChangeCash rate target
14 December 1994+1.00 pts7.50%
2 November 1994Hold6.50%
24 October 1994+1.00 pts6.50%
7 September 1994Hold5.50%
17 August 1994+0.75 pts5.50%
27 July 1994Hold4.75%
6 July 1994Hold4.75%
8 June 1994Hold4.75%
4 May 1994Hold4.75%
30 March 1994Hold4.75%
2 March 1994Hold4.75%
2 February 1994Hold4.75%
1993: 2 changes, ending at 4.75%
Effective dateChangeCash rate target
8 December 1993Hold4.75%
3 November 1993Hold4.75%
6 October 1993Hold4.75%
8 September 1993Hold4.75%
30 July 1993-0.50 pts4.75%
7 July 1993Hold5.25%
2 June 1993Hold5.25%
5 May 1993Hold5.25%
7 April 1993Hold5.25%
23 March 1993-0.50 pts5.25%
3 February 1993Hold5.75%
1992: 3 changes, ending at 5.75%
Effective dateChangeCash rate target
2 December 1992Hold5.75%
4 November 1992Hold5.75%
7 October 1992Hold5.75%
2 September 1992Hold5.75%
29 July 1992Hold5.75%
8 July 1992-0.75 pts5.75%
3 June 1992Hold6.50%
6 May 1992-1.00 pts6.50%
8 April 1992Hold7.50%
4 March 1992Hold7.50%
5 February 1992Hold7.50%
8 January 1992-1.00 pts7.50%
1991: 4 changes, ending at 8.50%
Effective dateChangeCash rate target
4 December 1991Hold8.50%
6 November 1991-1.00 pts8.50%
2 October 1991Hold9.50%
3 September 1991-1.00 pts9.50%
31 July 1991Hold10.50%
3 July 1991Hold10.50%
14 June 1991Hold10.50%
16 May 1991-1.00 pts10.50%
4 April 1991-0.50 pts11.50%
6 March 1991Hold12.00%
6 February 1991Hold12.00%
1990: 6 changes, ending at 12.00%
Effective dateChangeCash rate target
18 December 1990-1.00 pts12.00%
7 November 1990Hold13.00%
15 October 1990-1.00 pts13.00%
5 September 1990Hold14.00%
2 August 1990-1.00 pts14.00%
4 July 1990Hold15.00 to 15.50%
6 June 1990Hold15.00 to 15.50%
2 May 1990Hold15.00 to 15.50%
4 April 1990-1.00 to -1.50 pts15.00 to 15.50%
7 March 1990Hold16.50 to 17.00%
15 February 1990-0.50 pts16.50 to 17.00%
23 January 1990-0.50 to -1.00 pts17.00 to 17.50%

Frequently asked

What is the RBA cash rate today?

The RBA cash rate target is 4.60% per annum, effective 30 September 2026, after the Reserve Bank of Australia lifted it by 0.25 percentage points on 30 September 2026. Ratesniffers records every decision from the RBA's own cash rate table.

How many times has the RBA raised rates in 2026?

4 times as at 6 October 2026: 4 February 2026, 18 March 2026, 6 May 2026, 30 September 2026, each by 0.25 percentage points, taking the cash rate from 3.60% to 4.60%.

What was the lowest RBA cash rate ever?

0.10% per annum, set on 6 April 2022 during the pandemic and held until the first rise of the 2022 cycle. The highest in this table is 17.00 to 17.50% in January 1990.

How long after an RBA rise do lenders raise home loan rates?

For the 4 RBA rises in 2026, the median lender moved its variable home loan rate 10 days after the decision, Ratesniffers records. The full lender by lender record is on the rate change tracker.

Cash rate rows: Reserve Bank of Australia, cash rate target table (rba.gov.au), read 6 October 2026. Pass-through columns: Ratesniffers rate change tracker, 4 October 2026. Cite as “Ratesniffers, RBA cash rate history, ratesniffers.com.au/insights/rba-cash-rate-history”.

Related:RBA cash rate nowRate change trackerWill rates drop in 2026?Variable home loan rates

General information only. It does not take your objectives, financial situation or needs into account. The cash rate is not a home loan rate; lenders set their own variable rates.

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