Monetary Policy Decisions – 2021

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.)

• 7 December 2021
• 2 November 2021
• 5 October 2021
• 7 September 2021
• 3 August 2021
• 6 July 2021
• 1 June 2021
• 4 May 2021
• 6 April 2021
• 2 March 2021
• 2 February 2021