Exceeding earlier forecasts with improved Business confidence
Anticipated temporary growth slowdown and increase in current account deficit
Supportive Monetary Policy -
Limitations of fine-tuning growth and inflation outcomes
Good inflation performance and capacity for Non-Inflationary Growth
Adoption of more accommodative monetary policy stance
Frequently Asked Questions
What is the RBA Cash Rate?
The RBA cash rate is the benchmark interest rate for the Australian economy. It is the rate at which financial institutions lend and borrow money from each other in the overnight money market, and it is used as a reference point for setting other interest rates in the economy. Read more about the RBA cash rate here.
When does the RBA announce the cash rate?
The RBA cash rate is announced on the first Tuesday of every month, except in January, The announcement is typically made at 2:30 PM Sydney time,
How often does the RBA change the cash rate?
On a monthly basis, the Reserve Bank of Australia (RBA) convenes to assess the cash rate and determine if any adjustments are required. These meetings are scheduled ahead of time, with the precise dates and times announced in advance. Following each meeting, the RBA promptly discloses its decisions to the public.