RBA Cash Rate — methodology

What this metric measures

The Reserve Bank’s target for the overnight cash rate — the interest rate that anchors mortgage and business lending — shown as the monthly average.

Why it matters: The cash rate is the RBA’s main lever for managing inflation and demand. Every change flows through to mortgage repayments and the cost of borrowing.

Source & provenance

Publisher

RBA Table F1.1 (FIRMMCRT)

Update frequency

monthly

Licence

CC BY 4.0

How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Context-dependent

Trend window

24 months

Baseline

Last 10 years

{
  "neutral": true
}