The benchmark interest rate in Australia was last recorded at 4.10 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of the end of December 2024, the average mortgage interest rate for Australian owner-occupier borrowers was around 6.1 percent. In comparison, the average investor interest rate was approximately 6.5 percent. These rates refer to outstanding housing loans from banks and registered financial corporations. New loans financed in that month had even higher interest rates, at 6.2 percent for owner-occupiers and 6.5 percent for investors, respectively.

As of November 2024, the average owner-occupier home loan interest rate was the highest in the Australian state of Western Australia, with an average rate of around 6.36 percent. In comparison, the average mortgage interest rate in Victoria was at around 6.26 percent.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In December 2024, the average variable mortgage interest rate for owner-occupiers in Australia was 7.08 percent. That same month, the average owner-occupier fixed mortgage interest rate was around 0.6 percent lower than the average variable mortgage interest rate.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for Australia (IR3TBB01AUM156N) from Jan 1968 to Dec 2023 about bills, Australia, 3-month, yield, interest rate, banks, interest, depository institutions, and rate.

Key information about Australia Short Term Interest Rate

• Australia Short Term Interest Rate: Month End: Bank Acceptance Bills Rates: 90 days was reported at 4.12 % pa in Feb 2025, compared with 4.25 % pa in the previous month.
• Australia Short Term Interest Rate data is updated monthly, available from Jun 1969 to Feb 2025.
• The data reached an all-time high of 21.75 % pa in May 1974 and a record low of 0.01 % pa in Jan 2021.
• Short Term Interest Rate is reported by reported by Reserve Bank of Australia.

Related information about Australia Short Term Interest Rate

• In the latest reports, Australia Government Bond Yield: Australian Government: 10 Years was reported at 4.48 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Cash Target Rate) was set at 4.10 % pa in Feb 2025.
• Australia Exchange Rate against USD averaged 1.49 (USD/AUD) in Jun 2023.

In 2019, the real interest rate in Australia decreased by 1.7 percentage points (-51.2 percent) compared to 2018. This was a significant decrease in the real interest rate. Real interest rate is the adjusted lending interest rate to remove the effects of inflation, as measured by the GDP deflator (implicit price deflator).Find more statistics on other topics about Australia with key insights such as deposit interest rate, domestic credit to the private sector as a share of GDP, and market capitalization of listed domestic companies as a share of GDP.

This dataset provides values for INTEREST RATE. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Mortgage interest rates worldwide varied greatly in 2024, from less than four percent in many European countries, to as high as 44 percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

This dataset provides values for LENDING INTEREST RATE PERCENT WB DATA.HTML reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In January 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 21 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0.5 percent in January 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Bank Bill Swap Rate in Australia remained unchanged at 4.11 percent on Wednesday March 26. This dataset includes a chart with historical data for Australia Bank Bill Swap Rate.

Bank Lending Rate in Australia decreased to 10.63 percent in February from 10.79 percent in January of 2025. This dataset provides - Australia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

A comparison of the Australian target cash rate and the overnight interbank lending rate shows that, after around a decade of being identical, the economic impact of the coronavirus (COVID-19) pandemic led to the actual overnight lending rate being lower than the Reserve Bank of Australia's target rate. This means that banks are lending to each other at lower rates than the "official" interest rate. One reason for this is the that the Reserve bank has made money available to banks in several new ways over this period (such as repo agreements where banks can pledge assets for short term funds), increasing liquidity in the banking system. As of May 2024, the overnight interbank cash rate and the target cash rate stood at 4.32 and 4.35 percent, respectively.

This dataset provides values for DEPOSIT INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Australia Real Effective Exchange Rate

• Australia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Australia) was 100.3 in Jan 2025, compared with the number of 101.1 in the previous month.
• Australia Real Effective Exchange Rate data is updated monthly and averaged 126.8 from Jan 1994 to Jan 2025.
• The data reached an all-time high of 126.8 in Aug 2012 and a record low of 73.6 in Mar 2001.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. Bank for International Settlements provides Real Effective Exchange Rate Index with base 2020=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about Australia Real Effective Exchange Rate

• In the latest reports, Australia Short Term Interest Rate: Month End: Bank Acceptance Bills Rates: 90 days was reported at 4.2 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Cash Target Rate) was set at 4.3 % pa in Jan 2025.
• Australia Exchange Rate against USD averaged 1.5 (USD/AUD) in Jun 2023.

In a survey conducted in November 2024, around 60 percent of homeowners with a mortgage stated that they are prepared for mortgage interest rates to remain at the current level into next year before potential rate cuts start. In contrast, approximately 28 percent of homeowners and 22 percent of investors claimed that they were not.

Australia 10Y Bond Yield was 4.51 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. Australia 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

The average yearly yield of Australian 10-year government bonds has shown a significant downward trend from 1990 to 2020. Starting above 12 percent in 1990, yields steadily declined, with slight fluctuations, reaching a low of 0.92 percent in 2020. After 2020, yields began to rise again, reflecting recent increases in interest rates and inflation expectations.