4.60%Cash rate target · as of 29 Oct 2026 · BIS
Raised by 25 bp to 4.60% on 30 Sept 2026; the fourth hike in a row since 4 Feb 2026, +100 bp in all.
Twelve months+100 bp4 hikes, 0 cuts
Highest since Nov 20067.25%19 May 2008
Lowest0.10%4 Nov 2020
Next meeting8 Dec 2026in 4 weeks · the bank's calendar
Twenty years
each change a step · ▲ hike · ▼ cut · 55 decisions on recordCash rate target
Decisions
the latest first · since 13 Nov 2006Every change of the rate
| Date | Move | From | To | Size |
|---|---|---|---|---|
| 30 Sept 2026 | Hike | 4.35% | 4.60% | +25 bp |
| 6 May 2026 | Hike | 4.10% | 4.35% | +25 bp |
| 18 Mar 2026 | Hike | 3.85% | 4.10% | +25 bp |
| 4 Feb 2026 | Hike | 3.60% | 3.85% | +25 bp |
| 13 Aug 2025 | Cut | 3.85% | 3.60% | −25 bp |
| 21 May 2025 | Cut | 4.10% | 3.85% | −25 bp |
| 19 Feb 2025 | Cut | 4.35% | 4.10% | −25 bp |
| 8 Nov 2023 | Hike | 4.10% | 4.35% | +25 bp |
| 7 Jun 2023 | Hike | 3.85% | 4.10% | +25 bp |
| 3 May 2023 | Hike | 3.60% | 3.85% | +25 bp |
| 8 Mar 2023 | Hike | 3.35% | 3.60% | +25 bp |
| 8 Feb 2023 | Hike | 3.10% | 3.35% | +25 bp |
The 43 earlier decisions, back to Aug 2007
| Date | Move | From | To | Size |
|---|---|---|---|---|
| 7 Dec 2022 | Hike | 2.85% | 3.10% | +25 bp |
| 2 Nov 2022 | Hike | 2.60% | 2.85% | +25 bp |
| 5 Oct 2022 | Hike | 2.35% | 2.60% | +25 bp |
| 7 Sept 2022 | Hike | 1.85% | 2.35% | +50 bp |
| 3 Aug 2022 | Hike | 1.35% | 1.85% | +50 bp |
| 6 Jul 2022 | Hike | 0.85% | 1.35% | +50 bp |
| 8 Jun 2022 | Hike | 0.35% | 0.85% | +50 bp |
| 4 May 2022 | Hike | 0.10% | 0.35% | +25 bp |
| 4 Nov 2020 | Cut | 0.25% | 0.10% | −15 bp |
| 20 Mar 2020 | Cut | 0.50% | 0.25% | −25 bp |
| 4 Mar 2020 | Cut | 0.75% | 0.50% | −25 bp |
| 2 Oct 2019 | Cut | 1.00% | 0.75% | −25 bp |
| 3 Jul 2019 | Cut | 1.25% | 1.00% | −25 bp |
| 5 Jun 2019 | Cut | 1.50% | 1.25% | −25 bp |
| 3 Aug 2016 | Cut | 1.75% | 1.50% | −25 bp |
| 4 May 2016 | Cut | 2.00% | 1.75% | −25 bp |
| 6 May 2015 | Cut | 2.25% | 2.00% | −25 bp |
| 4 Feb 2015 | Cut | 2.50% | 2.25% | −25 bp |
| 7 Aug 2013 | Cut | 2.75% | 2.50% | −25 bp |
| 8 May 2013 | Cut | 3.00% | 2.75% | −25 bp |
| 5 Dec 2012 | Cut | 3.25% | 3.00% | −25 bp |
| 3 Oct 2012 | Cut | 3.50% | 3.25% | −25 bp |
| 6 Jun 2012 | Cut | 3.75% | 3.50% | −25 bp |
| 2 May 2012 | Cut | 4.25% | 3.75% | −50 bp |
| 7 Dec 2011 | Cut | 4.50% | 4.25% | −25 bp |
| 2 Nov 2011 | Cut | 4.75% | 4.50% | −25 bp |
| 3 Nov 2010 | Hike | 4.50% | 4.75% | +25 bp |
| 5 May 2010 | Hike | 4.25% | 4.50% | +25 bp |
| 7 Apr 2010 | Hike | 4.00% | 4.25% | +25 bp |
| 3 Mar 2010 | Hike | 3.75% | 4.00% | +25 bp |
| 2 Dec 2009 | Hike | 3.50% | 3.75% | +25 bp |
| 4 Nov 2009 | Hike | 3.25% | 3.50% | +25 bp |
| 7 Oct 2009 | Hike | 3.00% | 3.25% | +25 bp |
| 8 Apr 2009 | Cut | 3.25% | 3.00% | −25 bp |
| 4 Feb 2009 | Cut | 4.25% | 3.25% | −100 bp |
| 3 Dec 2008 | Cut | 5.25% | 4.25% | −100 bp |
| 5 Nov 2008 | Cut | 6.00% | 5.25% | −75 bp |
| 8 Oct 2008 | Cut | 7.00% | 6.00% | −100 bp |
| 3 Sept 2008 | Cut | 7.25% | 7.00% | −25 bp |
| 5 Mar 2008 | Hike | 7.00% | 7.25% | +25 bp |
| 6 Feb 2008 | Hike | 6.75% | 7.00% | +25 bp |
| 7 Nov 2007 | Hike | 6.50% | 6.75% | +25 bp |
| 8 Aug 2007 | Hike | 6.25% | 6.50% | +25 bp |
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