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Interest Rate Decisions - 2015

The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting. (Prior to December 2007, media releases were issued only when the cash rate target was changed.)

1 September 2015

4 August 2015

7 July 2015

2 June 2015

5 May 2015

7 April 2015

3 March 2015

3 February 2015