Articles

Phone (03) 5797 2829 
Email fiona@dgkconvey.com.au
Address 201/175b Stephen Street Yarraville 3013
321 Killingworth Road Killingworth 3717
All mail to Killingworth office. All meetings by appointment only.




Phone (03) 5797 2829   |  Email fiona@dgkconvey.com.au
Address 201/175b Stephen Street Yarraville 3013
321 Killingworth Road Killingworth 3717
All mail to Killingworth office. All meetings by appointment only.

The current Reserve Bank of Australia cash rate as at 1 June 2021 is 0.1 per cent. 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.