Monetary Policy Decisions – 2020

The Reserve Bank Board is responsible for formulating monetary policy. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. Decisions regarding monetary policy 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 December 2020
• 3 November 2020
• 6 October 2020
• 1 September 2020
• 4 August 2020
• 7 July 2020
• 2 June 2020
• 5 May 2020
• 7 April 2020
• 19 March 2020
• 3 March 2020
• 4 February 2020