Monetary policy meetings and changes in the key policy rate
| Date meeting |
Key policy rate |
Overnight lending rate |
Change |
Effective from |
|
3 Feb 2010 |
1.75 |
2.75 |
0 |
|
|
16 Dec 2009 |
1.75 |
2.75 |
+0.25 |
17 Dec 2009 |
|
29 Oct 2009 |
1.50 |
2.50 |
+0.25 |
29 Oct 2009 |
|
23 Sep 2009 |
1.25 |
2.25 |
0 |
|
|
12 Aug 2009 |
1.25 |
2.25 |
0 |
|
|
17 June 2009 |
1.25 |
2.25 |
-0.25 |
18 June2009 |
|
6 May 2009 |
1.50 |
2.50 |
-0.5 |
7 May 2009 |
|
25 Mar 2009 |
2.00 |
3.00 |
-0.5 |
26 Mar 2009 |
|
4 Feb 2009 |
2.50 |
3.50 |
-0.5 |
5 Feb 2009 |
|
17 Dec 2008 |
3.00 |
4.00 |
-1.75 |
18 Dec 2008 |
|
29 Oct 2008 |
4.75 |
5.75 |
-0.5 |
30 Oct 2008 |
|
15 Oct 2008 |
5.25 |
6.25 |
-0.5 |
16 Oct 2008 |
|
24 Sep 2008 |
5.75 |
6.75 |
0 |
|
|
13 Aug 2008 |
5.75 |
6.75 |
0 |
|
|
25 June 2008 |
5.75 |
6.75 |
+0.25 |
26 June 2008 |
|
28 May 2008 |
5.50 |
6.50 |
0 |
|
|
23 Apr 2008 |
5.50 |
6.50 |
+0.25 |
24 Apr 2008 |
|
13 Mar 2008 |
5.25 |
6.25 |
0 |
|
|
23 Jan 2008 |
5.25 |
6.25 |
0 |
|
|
12 Dec 2007 |
5.25 |
6.25 |
+0.25 |
13 Dec 2007 |
|
31 Oct 2007 |
5.00 |
6.00 |
0 |
|
|
26 Sep 2007 |
5.00 |
6.00 |
+0.25 |
27 Sep 2007 |
|
15 Aug 2007 |
4.75 |
5.75 |
+0.25 |
16 Aug 2007 |
|
27 June 2007 |
4.50 |
5.50 |
+0.25 |
28 June 2007 |
|
30 May 2007 |
4.25 |
5.25 |
+0.25 |
31 May 2007 |
|
25 Apr 2007 |
4.00 |
5.00 |
0 |
|
|
15 Mar 2007 |
4.00 |
5.00 |
+0.25 |
16 Mar 2007 |
|
24 Jan 2007 |
3.75 |
5.75 |
+0.25 |
25 Jan 2007 |
|
13 Des 2006 |
3.50 |
5.50 |
+0.25 |
14 Des 2006 |
| 1 Nov 2006 |
3.25 |
5.25 |
+0.25 |
2 Nov 2006 |
|
27 Sep 2006 |
3.00 |
5.00 |
0 |
|
| 16 Aug 2006 |
3.00 |
5.00 |
+0.25 |
17 Aug 2006 |
|
29 June 2006 |
2.75 |
4.75 |
0 |
|
| 31 May 2006 |
2.75 |
4.75 |
+0.25 |
1 June 2006 |
|
26 Apr 2006 |
2.50 |
4.50 |
0 |
|
| 16 Mar 2006 |
2.50 |
4.50 |
+0.25 |
17 Mar 2006 |
|
25 Jan 2006 |
2.25 |
4.25 |
0 |
|
|
14 Dec 2005 |
2.25 |
4.25 |
0 |
|
| 2 Nov 2005 |
2.25 |
4.25 |
+0.25 |
3 Nov 2005 |
|
21 Sep 2005 |
2.00 |
4.00 |
0 |
|
|
11 Aug 2005 |
2.00 |
4.00 |
0 |
|
| 30 June 2005 |
2.00 |
4.00 |
+0.25 |
1 July 2005 |
|
25 May 2005 |
1.75 |
3.75 |
0 |
|
|
20 Apr 2005 |
1.75 |
3.75 |
0 |
|
|
16 Mar 2005 |
1.75 |
3.75 |
0 |
|
|
2 Feb 2005 |
1.75 |
3.75 |
0 |
|
|
15 Dec 2004 |
1.75 |
3.75 |
0 |
|
|
3 Nov 2004 |
1.75 |
3.75 |
0 |
|
|
22 Sep 2004 |
1.75 |
3.75 |
0 |
|
|
11 Aug 2004 |
1.75 |
3.75 |
0 |
|
|
1 July 2004 |
1.75 |
3.75 |
0 |
|
|
26 May 2004 |
1.75 |
3.75 |
0 |
|
|
21 Apr 2004 |
1.75 |
3.75 |
0 |
|
| 11 Mar 2004 |
1.75 |
3.75 |
-0.25 |
12 Mar 2004 |
| 28 Jan 2004 |
2.00 |
4.00 |
-0.25 |
29 Jan 2004 |
|
17 Dec 2003 |
2.25 |
4.25 |
-0.25 |
18 Dec 2003 |
|
29 Oct 2003 |
2.50 |
4.50 |
0 |
|
|
17 Sep 2003 |
2.50 |
4.50 |
-0.50 |
18 Sep 2003 |
|
13 Aug 2003 |
3.,00 |
5.00 |
-1.00 |
14 Aug 2003 |
|
25 June 2003 |
4.00 |
6.00 |
-1.00 |
26 June 2003 |
|
30 Apr 2003 |
5.00 |
7.00 |
-0.50 |
1 May2003 |
|
5 Mar 2003 |
5.50 |
7.50 |
-0.50 |
6 March 2003 |
|
22 Jan 2003 |
6.00 |
8.00 |
-0.50 |
23 Jan 2003 |
|
11 Dec2002 |
6.50 |
8.50 |
-0.50 |
12 Dec 2002 |
|
30 Oct 2002 |
7.00 |
9.00 |
0 |
|
|
18 Sep 2002 |
7.00 |
9.00 |
0 |
|
|
7 Aug 2002 |
7.00 |
9.00 |
0 |
|
|
3 July 2002 |
7.00 |
9.00 |
+0.50 |
4 July2002 |
|
22 May 2002 |
6.50 |
8.50 |
0 |
|
|
10 Apr 2002 |
6.50 |
8.50 |
0 |
|
|
27 Feb 2002 |
6.50 |
8.50 |
0 |
|
|
23 Jan 2002 |
6.50 |
8.50 |
0 |
|
|
12 Dec 2001 |
6,50 |
8.50 |
-0.50 |
13 Dec 2001 |
|
31 Oct 2001 |
7.00 |
9.00 |
0 |
|
|
19 Sep 2001 |
7.00 |
9.00 |
0 |
|
|
8 Aug 2001 |
7.00 |
9.00 |
0 |
|
|
20 June 2001 |
7.00 |
9.00 |
0 |
|
|
16 May 2001 |
7.00 |
9.00 |
0 |
|
|
4.Apr 2001 |
7.00 |
9.00 |
0 |
|
|
21 Feb 2001 |
7.00 |
9.00 |
0 |
|
|
10 Jan 2001 |
7.00 |
9.00 |
0 |
|
Overview of changes in the key policy rate
| Effective from |
Key policy rate |
Overnight lending rate |
| 21 Sep 2000 |
7.00 |
9.00 |
| 10 Aug 2000 |
6.75 |
8.75 |
| 15 June 2000 |
6.25 |
8.25 |
| 13 Apr 2000 |
5.75 |
7.75 |
| 23 Sep 1999 |
5.50 |
7.50 |
| 17 June 1999 |
6.00 |
8.00 |
| 26 Apr 1999 |
6.50 |
8.50 |
| 3 Mar 1999 |
7.00 |
9.00 |
| 28 Jan 1999 |
7.50 |
9.50 |
| 25 Aug 1998 |
8.00 |
10.00 |
| 21 Aug 1998 |
7.00 |
9.00 |
| 12 Aug 1998 |
5.50 |
7.50 |
| 6 July 1998 |
5.00 |
7.00 |
| 29 June 1998 |
4.50 |
6.50 |
| 25 May 1998 |
4.25 |
6.25 |
| 19 Mar 1998 |
3.75 |
5.75 |
| 16 July 1997 |
3.50 |
5.50 |
| 10 Jan 1997 |
3.25 |
5.25 |
| 9 Jan 1997 |
3.50 |
5.50 |
| 6 Nov 1996 |
4.00 |
6.00 |
| 8 Mar 1996 |
4.50 |
6.50 |
| 9 Feb 1994 |
4.75 |
6.75 |
| 30 Dec 1993 |
5.00 |
7.00 |
| 19 Nov 1993 |
4.75 |
6.75 |
| 26 Oct 1993 |
5.00 |
7.00 |
| 3 Aug 1993 |
5.50 |
7.50 |
| 28 June 1993 |
6.00 |
7.50 |
| 21 June 1993 |
6.25 |
7.50 |
| 14 June 1993 |
6.50 |
7.50 |
| 25 May 1993 |
6.75 |
7.50 |
| 29 Apr 1993 |
6.75 |
7.75 |
| 26 Apr 1993 |
7.00 |
8.00 |
| 20 Apr 1993 |
7.25 |
8.25 |
| 1 Apr 1993 |
7.50 |
8.50 |
| 12 Mar 1993 |
7.75 |
8.75 |
| 8 Mar 1993 |
8.00 |
9.00 |
| 22 Feb 1993 |
8.25 |
9.25 |
| 8 Feb 1993 |
8.50 |
9.50 |
| 3 Feb 1993 |
8.75 |
9.75 |
| 15 Jan 1993 |
9.00 |
10.00 |
| 7 Jan 1993 |
9.00 |
10.50 |
| 10 Dec 1992 |
9.00 |
11.00 |
| 7 Dec 1992 |
9.00 |
16.00 |
| 30 Nov 1992 |
9.00 |
17.00 |
| 23 Nov 1992 |
9.00 |
25.00 |
| 20 Nov 1992 |
9.00 |
17.00 |
| 9 Nov 1992 |
9.00 |
10.00 |
| 2 Nov 1992 |
9.50 |
10.50 |
| 28 Oct 1992 |
10.00 |
11.00 |
| 7 Sep 1992 |
11.00 |
11.00 |
| 1 Apr 1992 |
9.00 |
10.00 |
| 8 Jan 1992 |
10.00 |
10.00 |
| 19 Sep 1991 |
8.50 |
10.00 |
| 28 May 1991 |
8.00 |
9.50 |
| 29 Apr 1991 |
8.25 |
9.75 |
| 11 Apr 1991 |
8.50 |
10.00 |
| 18 Mar 1991 |
8.50 |
10.20 |
| 1 Jan 1991 |
8.50 |
|
| 27 Aug 1990 |
|
10.50 |
| 16 Nov 1989 |
|
11.00 |
| 22 June 1989 |
|
10.00 |
| 9 May 1989 |
|
10.50 |
| 14 Feb 1989 |
|
11.00 |
| 10 Jan 1989 |
|
11.50 |
| 5 Dec 1988 |
|
12.00 |
| 24 Oct 1988 |
|
12.40 |
| 10 June 1988 |
|
12.80 |
| 9 May 1988 |
|
13.30 |
| 16 Feb 1987 |
|
13.80 |
| 3 Feb 1987 |
|
14.20 |
| 28 Jan 1987 |
|
14.50 |
| 17 Dec 1986 |
|
14.80 |
| 16 Dec 1986 |
|
15.50 |
| 2 Dec 1986 |
|
16.00 |
| 12 May 1986 |
|
14.00 |
| 7 May 1986 |
|
50.00 |
| 5 May 1986 |
|
30.00 |
| 2 May 1986 |
|
14.00 |
| 13 Jan 1986 |
13.00 |
|
| 1 Nov 1985 |
12.50 |
|
| 1 Sep 1984 |
13.50 |
|
| 1 May 1984 |
13.00 |
|
| 1 July 1983 |
14.00 |
|