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Australia Interest Rate

Discussion in 'Market News' started by Sam, Oct 9, 2015.

  1. Sam

    Sam Forum Member

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    The Reserve Bank of Australia left the cash rate unchanged at a record low of 2 percent during the meeting held on October 6th. Policymakers said monetary policy needs to be accommodative since the economy is likely to be operating with a degree of spare capacity. Inflation will also remain consistent with the target over the next one or two years, even with a lower exchange rate. Interest Rate in Australia averaged 5.02 percent from 1990 until 2015, reaching an all time high of 17.50 percent in January of 1990 and a record low of 2 percent in May of 2015. Interest Rate in Australia is reported by the Reserve Bank of Australia. In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds. This page provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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