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Phone (03) 9332 3300
Email fiona@dgkconveyancing.com.au
Address 71 Powell Street Yarraville VIC 3013



Phone (03) 9332 3300  |  Email fiona@dgkconveyancing.com.au
Address 71 Powell Street Yarraville VIC 3013

The current Reserve Bank of Australia cash rate as at 6 November 2018 remains unchanged at 1.50 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.