RBA Interest Rates: Current & Historical Rates for Australia

The Reserve Bank of Australia (RBA) is responsible for the country’s monetary policy decisions, like setting benchmark interest rates. RBA rate decisions are made by its Reserve Bank Board. The RBA changing or communicating a future change to official rate targets can have a material impact on domestic bond yields, like 10-year AGBs. If the Reserve Bank of Australia were to cut interest rates, for example, it would likely send Australian bond yields lower and fuel weakness across AUD price action.