Please find below a chart for the cash rate, Reserve Bank of Australia (RBA) main interest rate. The chart begins in 1996.
The RBA conducts its monetary policy by raising or lowering the cash rate (reference for overnight refinancing operation with banks).
Since 1959, the RBA has for mandate to maintain the stability of the currency stability, full employment and “the economic prosperity and welfare of the people of Australia”.
Since 1993, the definition of price stability is a rise in prices in a range from 2% to 3 % year-on-year over the medium term (index: Consumer Price Index, quarterly updated).
The RBA conducts its monetary policy by raising or lowering the cash rate (reference for overnight refinancing operation with banks).
Since 1959, the RBA has for mandate to maintain the stability of the currency stability, full employment and “the economic prosperity and welfare of the people of Australia”.
Since 1993, the definition of price stability is a rise in prices in a range from 2% to 3 % year-on-year over the medium term (index: Consumer Price Index, quarterly updated).
Reserve Bank of Australia interest rate
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