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RBA Official Cash Rate, Australian central bank’s interest rate

Charts - historic RBA interest rates

Graph Australian interest rate RBA - interest rates last year

Graph Australian interest rate RBA - long-term graph

The current Australian interest rate RBA (base rate) is 4.100 %

Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is the Australian central bank. The RBA’s most important task is to set the monetary policy for Australia. The aim of this policy is to achieve low and stable inflation in the medium term. Other important responsibilities of the RBA are:
  • to maintain financial stability and the stability of the Australian dollar;
  • to maintain full employment;
  • to contribute to the economic development and wealth of the inhabitants of Australia;
  • to act as banker for the Australian government;
  • to issue Australian currency;
  • to manage Australia’s foreign currency reserves.

Cash rate target

When reference is made to the Australian interest rate this often refers to the cash rate target, also called the official cash rate (OCR) or cash rate. This is the Australian base rate. Banks pay this interest rate when they take out a loan with a maturity of 1 day from another bank. By buying or selling bonds and other securities issued by the government the RBA can influence the money supply and thus the cash rate target. A rise or fall in the cash rate often also leads to a change in the interest rates for mortgages, loans and savings.

This page shows the current and historic values of the RBA’s official cash rate (OCR).

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic Australian central bank interest rates

RBA latest interest rate changes

 change date percentage
 june 06 2023 4.100 %
 may 02 2023 3.850 %
 march 07 2023 3.600 %
 february 07 2023 3.350 %
 december 06 2022 3.100 %
 november 01 2022 2.850 %
 october 04 2022 2.600 %
 september 06 2022 2.350 %
 august 02 2022 1.850 %
 july 06 2022 1.350 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 5.500 % 07-26-2023
 RBA interest rate Australia 4.100 % 06-06-2023
 BACEN interest rate Brazil 12.750 % 09-21-2023
 BoE interest rate Great Britain 5.250 % 08-03-2023
 BOC interest rate Canada 5.000 % 07-12-2023
 PBC interest rate China 3.450 % 08-21-2023
 ECB interest rate Europe 4.500 % 09-14-2023
 BoJ interest rate Japan -0.100 % 02-01-2016
 CBR interest rate Russia 13.000 % 09-18-2023
 SARB interest rate South Africa 8.250 % 05-25-2023

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)5.50 %07-26-2023
Australian interest rate (RBA)4.10 %06-06-2023
British interest rate (BoE)5.25 %08-03-2023
Canadian interest rate (BOC)5.00 %07-12-2023
European interest rate (ECB)4.50 %09-14-2023
Japanese interest rate (BoJ)-0.10 %02-01-2016
All central banks interest rates, click here
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