Statement by Philip Lowe, Governor: Monetary Policy Decision —5 September 2023
Media Release At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision –1 Aug 2023
Media Release Number2023-19 Date1 August 2023 At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —Tue 4 July 2023
The RBA has decided to leave rates on hold today citing a slowing global economy and easing of pressures in the employment sector. I have attached below the notes from the RBA on the rationale for their decision this afternoon. At its meeting today, the Board decided to leave the cash rate target ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —June 6, 2023
Number2023-13 Date6 June 2023 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent. Inflation in Australia has passed its ... Read more
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision-2 May 2023
Number 2023-10 Date 2 May 2023 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent. Inflation in Australia has passed its peak, ... Read more