Australian Interest Rates
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The following information on home loan interest rates in Australia should not be taken as financial advice. It is purely a summary of current events and personal opinion.
The summaries below sometimes provide details on home loan rates and related issues as reported in the media, and where personal commentary and opinions appear in order to stimulate discussion they are identified as such.
We also have historical interest rate information from 1959 – 2016 and current interest rates web pages.
Cash Rate Target
Interest Rate Decisions, Monetary policy decisions, are expressed in terms of a target for the cash rate, which is the overnight money market interest rate. A media release is issued at 2.30 pm after each Reserve Bank Board meeting, with the Board’s decision taking effect the following day. Current Rate: 1.75%
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