Interest Rates
This page clearly displays the Reserve Banks latest changes in the cash rate which is the the rate which sets a standard for all Australian banks to set their interest rates. Banks often dont pass on the full interest rates but they do more or less follow the changes made by the Reserve Bank. It is important interest rates are kept fairly standardised as they are what keeps the economy stable and attempts to slow the rate of inflation.
The Base rate has risen dropped again on the 7th of December, the final change made by the Reserve Bank in 2011. To check the interest rates offered by specific banks click on the menu above.
Historical chart of Reserve Bank cash rates
Effective Date |
Cash Rate |
| 7 Dec 2011 |
4.25 |
| 2 Nov 2011 |
4.50 |
| 3 Nov 2010 |
4.75 |
| 5 May 2010 |
4.50 |
| 7 Apr 2010 |
4.25 |
| 3 Mar 2010 |
4.00 |
| 2 Dec 2009 |
3.75 |
| 4 Nov 2009 |
3.50 |
| 7 Oct 2009 |
3.25 |
| 8 Apr 2009 |
3.00 |
| 4 Feb 2009 |
3.25 |
| 3 Dec 2008 |
4.25 |
| 5 Nov 2008 |
5.25 |
| 8 Oct 2008 |
6.00 |
| 3 Sep 2008 |
7.00 |
| 5 Mar 2008 |
7.25 |
| 6 Feb 2008 |
7.00 |
| 7 Nov 2007 |
6.75 |
| 8 Aug 2007 |
6.50 |
| 8 Nov 2006 |
6.25 |
| 2 Aug 2006 |
6.00 |
| 3 May 2006 |
5.75 |
| 2 Mar 2005 |
5.50 |
Data for this chart was obtained off the Reserve Bank Of Australia's Website changes to the cash rate are often made without notice and so there can sometimes be delays on updates.
