Policy rate in Australia

Banco de la Reserva de Australia · Mensual

4.35% (Jul-26) ABS · % · Mensual · CSV

About this indicator

Source	Reserve Bank of Australia
Frequency	Mensual
Release	En las fechas de las reuniones de política monetaria del banco central.
What it is	The official cash rate set by the Reserve Bank of Australia (RBA), the benchmark rate through which it conducts monetary policy. It is the reference price of money in the Australian economy.
How it's calculated	It is not derived statistically but decided by the RBA's monetary policy board at its scheduled meetings, in line with its inflation target and the state of the economy, and quoted as a percentage.
Market implications	Changes in the cash rate feed through to market rates, credit, the exchange rate and, via these, to consumption, investment and prices. A hike, or hawkish tone, tends to support the Australian dollar (AUD), while a cut weakens it.
Limitations	It is a discretionary decision whose effects on the economy work with long and variable lags. The rate stays constant between meetings, and the market impact depends more on the surprise and forward guidance than on the level itself.