Business

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

June 2019 - down to 1.25

July 2019 - down to 1.00

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