Reserve Bank rate changes since the GFC

The Reserve Bank raised the cash rate to a 12-year high 7.25 per cent in March 2008 before the global financial crisis prompted 11 years dominated by cuts.

The Reserve Bank raised the cash rate to a 12-year high 7.25 per cent in March 2008 before a series of cuts prompted by the global financial crisis. The following is a list of rate moves since.

* March 2008 - up 0.25 percentage points to 7.25

* September 2008 - down to 7.00

* October 2008 - down to 6.00

* November 2008 - down to 5.25

December 2008 - down to 4.25

February 2009 - down to 3.25

April 2009 - down to 3.00

October 2009 - up to 3.25

November 2009 - up to 3.50

December 2009 - up to 3.75

March 2010 - up to 4.00

April 2010 - up to 4.25

May 2010 - up to 4.50

November 2010 - up to 4.75

November 2011 - down to 4.50

December 2011 - down to 4.25

May 2012 - down to 3.75

June 2012 - down to 3.50

October 2012 - down to 3.25

December 2012 - down to 3.00

May 2013 - down to 2.75

August 2013 - down to 2.50

February 2015 - down to 2.25

May 2015 - down to 2.00

May 2016 - down to 1.75

August 2016 - down to 1.50


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world