Australia Interest Rates
Last ReleaseFeb 03, 2026
Previous3.6
FrequencyDaily
Next ReleaseMar 17, 2026
Time to Release1
Units In%
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.
Latest Updates
The Reserve Bank of Australia said it must rein in demand growth to restore price stability, after delivering its first rate hike in two years earlier this week. Governor Michele Bullock told lawmakers Friday that stronger-than-expected demand and persistent supply constraints risk keeping inflation elevated. She added that while the global economy has shown resilience, significant uncertainties remain amid trade and geopolitical risks. The central bank lifted rates by 25bps to 3.85% after inflation reaccelerated following three cuts last year. Consumer prices have exceeded forecasts for two straight quarters, staying well above the 2%–3% target. Underlying inflation rose to 3.4% in Q4, the highest in over a year, and is projected to peak at 3.7% by mid-year before gradually easing toward target by 2028.Historical Data
| Highest | Lowest | Average | Date Range | Source |
|---|---|---|---|---|
| 17.5 | 0.1 | 3.88 % | 1990-2026 | Reserve Bank of Australia |
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