Cash rate target since 1990
Source: BIS central bank policy rates
Every rate change
| Effective | New rate | Change |
|---|---|---|
| Sep 30, 2026 | 4.60% | +25 bp |
| May 6, 2026 | 4.35% | +25 bp |
| Mar 18, 2026 | 4.10% | +25 bp |
| Feb 4, 2026 | 3.85% | +25 bp |
| Aug 13, 2025 | 3.60% | −25 bp |
| May 21, 2025 | 3.85% | −25 bp |
| Feb 19, 2025 | 4.10% | −25 bp |
| Nov 8, 2023 | 4.35% | +25 bp |
| Jun 7, 2023 | 4.10% | +25 bp |
| May 3, 2023 | 3.85% | +25 bp |
| Mar 8, 2023 | 3.60% | +25 bp |
| Feb 8, 2023 | 3.35% | +25 bp |
| Dec 7, 2022 | 3.10% | +25 bp |
| Nov 2, 2022 | 2.85% | +25 bp |
| Oct 5, 2022 | 2.60% | +25 bp |
| Sep 7, 2022 | 2.35% | +50 bp |
| Aug 3, 2022 | 1.85% | +50 bp |
| Jul 6, 2022 | 1.35% | +50 bp |
| Jun 8, 2022 | 0.85% | +50 bp |
| May 4, 2022 | 0.35% | +25 bp |
| Nov 4, 2020 | 0.10% | −15 bp |
| Mar 20, 2020 | 0.25% | −25 bp |
| Mar 4, 2020 | 0.50% | −25 bp |
| Oct 2, 2019 | 0.75% | −25 bp |
| Jul 3, 2019 | 1.00% | −25 bp |
| Jun 5, 2019 | 1.25% | −25 bp |
| Aug 3, 2016 | 1.50% | −25 bp |
| May 4, 2016 | 1.75% | −25 bp |
| May 6, 2015 | 2.00% | −25 bp |
| Feb 4, 2015 | 2.25% | −25 bp |
| Aug 7, 2013 | 2.50% | −25 bp |
| May 8, 2013 | 2.75% | −25 bp |
| Dec 5, 2012 | 3.00% | −25 bp |
| Oct 3, 2012 | 3.25% | −25 bp |
| Jun 6, 2012 | 3.50% | −25 bp |
| May 2, 2012 | 3.75% | −50 bp |
| Dec 7, 2011 | 4.25% | −25 bp |
| Nov 2, 2011 | 4.50% | −25 bp |
| Nov 3, 2010 | 4.75% | +25 bp |
| May 5, 2010 | 4.50% | +25 bp |
| Apr 7, 2010 | 4.25% | +25 bp |
| Mar 3, 2010 | 4.00% | +25 bp |
| Dec 2, 2009 | 3.75% | +25 bp |
| Nov 4, 2009 | 3.50% | +25 bp |
| Oct 7, 2009 | 3.25% | +25 bp |
| Apr 8, 2009 | 3.00% | −25 bp |
| Feb 4, 2009 | 3.25% | −100 bp |
| Dec 3, 2008 | 4.25% | −100 bp |
| Nov 5, 2008 | 5.25% | −75 bp |
| Oct 8, 2008 | 6.00% | −100 bp |
| Sep 3, 2008 | 7.00% | −25 bp |
| Mar 5, 2008 | 7.25% | +25 bp |
| Feb 6, 2008 | 7.00% | +25 bp |
| Nov 7, 2007 | 6.75% | +25 bp |
| Aug 8, 2007 | 6.50% | +25 bp |
| Nov 8, 2006 | 6.25% | +25 bp |
| Aug 2, 2006 | 6.00% | +25 bp |
| May 3, 2006 | 5.75% | +25 bp |
| Mar 2, 2005 | 5.50% | +25 bp |
| Dec 3, 2003 | 5.25% | +25 bp |
| Nov 5, 2003 | 5.00% | +25 bp |
| Jun 5, 2002 | 4.75% | +25 bp |
| May 8, 2002 | 4.50% | +25 bp |
| Dec 5, 2001 | 4.25% | −25 bp |
| Oct 3, 2001 | 4.50% | −25 bp |
| Sep 5, 2001 | 4.75% | −25 bp |
| Apr 4, 2001 | 5.00% | −50 bp |
| Mar 7, 2001 | 5.50% | −25 bp |
| Feb 7, 2001 | 5.75% | −50 bp |
| Aug 2, 2000 | 6.25% | +25 bp |
| May 3, 2000 | 6.00% | +25 bp |
| Apr 5, 2000 | 5.75% | +25 bp |
| Feb 2, 2000 | 5.50% | +50 bp |
| Nov 3, 1999 | 5.00% | +25 bp |
| Dec 2, 1998 | 4.75% | −25 bp |
| Jul 30, 1997 | 5.00% | −50 bp |
| May 23, 1997 | 5.50% | −50 bp |
| Dec 11, 1996 | 6.00% | −50 bp |
| Nov 6, 1996 | 6.50% | −50 bp |
| Jul 31, 1996 | 7.00% | −50 bp |
| Dec 14, 1994 | 7.50% | +100 bp |
| Oct 24, 1994 | 6.50% | +100 bp |
| Aug 17, 1994 | 5.50% | +75 bp |
| Jul 30, 1993 | 4.75% | −50 bp |
| Mar 23, 1993 | 5.25% | −50 bp |
| Jul 8, 1992 | 5.75% | −75 bp |
| May 6, 1992 | 6.50% | −100 bp |
| Jan 8, 1992 | 7.50% | −100 bp |
| Nov 6, 1991 | 8.50% | −100 bp |
| Sep 3, 1991 | 9.50% | −100 bp |
| May 16, 1991 | 10.50% | −100 bp |
| Apr 4, 1991 | 11.50% | −50 bp |
| Dec 18, 1990 | 12.00% | −100 bp |
| Oct 15, 1990 | 13.00% | −100 bp |
| Aug 2, 1990 | 14.00% | start of series |