Central Bank RatesAustralia policy rate in 2008 (30 changes)
Start of year6.75%
End of year4.25%Dec 31, 2008
Net change-250 bp14 hikes, 16 cuts
Average6.678%
Rank by level20 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Feb 6, 2008 | 6.75% | 7.00% | hike +25 bp |
| Feb 18, 2008 | 7.00% | 7.000% | cut 0 bp |
| Feb 19, 2008 | 7.000% | 7.00% | cut 0 bp |
| Feb 29, 2008 | 7.00% | 7.000% | cut 0 bp |
| Mar 3, 2008 | 7.000% | 7.00% | cut 0 bp |
| Mar 5, 2008 | 7.00% | 7.250% | hike +25 bp |
| Mar 6, 2008 | 7.250% | 7.25% | cut 0 bp |
| Mar 11, 2008 | 7.25% | 7.250% | cut 0 bp |
| Mar 12, 2008 | 7.250% | 7.25% | cut 0 bp |
| Mar 17, 2008 | 7.25% | 7.250% | cut 0 bp |
| Mar 18, 2008 | 7.250% | 7.25% | cut 0 bp |
| Mar 25, 2008 | 7.25% | 7.250% | cut 0 bp |
| Mar 26, 2008 | 7.250% | 7.25% | cut 0 bp |
| Mar 31, 2008 | 7.25% | 7.250% | cut 0 bp |
| Apr 1, 2008 | 7.250% | 7.25% | cut 0 bp |
| Apr 11, 2008 | 7.25% | 7.250% | cut 0 bp |
| Apr 14, 2008 | 7.250% | 7.25% | cut 0 bp |
| Apr 17, 2008 | 7.25% | 7.250% | cut 0 bp |
| Apr 18, 2008 | 7.250% | 7.25% | cut 0 bp |
| Apr 23, 2008 | 7.25% | 7.250% | cut 0 bp |
| Apr 24, 2008 | 7.250% | 7.25% | cut 0 bp |
| May 16, 2008 | 7.25% | 7.249% | cut 0 bp |
| May 19, 2008 | 7.249% | 7.250% | cut 0 bp |
| May 20, 2008 | 7.250% | 7.25% | cut 0 bp |
| Sep 3, 2008 | 7.25% | 7.00% | cut -25 bp |
| Oct 8, 2008 | 7.00% | 6.00% | cut -100 bp |
| Nov 5, 2008 | 6.00% | 5.25% | cut -75 bp |
| Nov 10, 2008 | 5.25% | 5.253% | cut 0 bp |
| Nov 11, 2008 | 5.253% | 5.25% | cut 0 bp |
| Dec 3, 2008 | 5.25% | 4.25% | cut -100 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
4.35%
3.6%
4.35%
4.35%
3.1%
0.1%
0.1%
0.75%
1.5%
1.5%
1.5%
2%
2.5%
2.5%
3%
4.25%
4.75%
3.75%
4.25%
6.75%
6.25%
5.5%
5.25%
5.25%
4.75%
4.25%
6.25%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.