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.

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 Rate in Australia increased to 6.15 percent in January from 6.13 percent in December of 2024. This dataset includes a chart with historical data for Australia Mortgage Rate.

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.

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.

• 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.

The deposit interest rate in Australia decreased by 0.4 percentage points (-20.2 percent) compared to the previous year. Therefore, the deposit interest rate in Australia saw its lowest number in that year with 1.56 percent. Notably, the deposit interest rate is continuously decreasing over the last years.The deposit interest rate is paid by financial institutions to deposit account holders.Find more statistics on other topics about Australia with key insights such as real interest rate, market capitalization of listed domestic companies as a share of GDP, and market capitalization of listed domestic companies.

Australia Lending Interest Rate data was reported at 5.101 % pa in 2019. This records a decrease from the previous number of 5.261 % pa for 2018. Australia Lending Interest Rate data is updated yearly, averaging 7.269 % pa from Dec 1960 (Median) to 2019, with 60 observations. The data reached an all-time high of 16.458 % pa in 1989 and a record low of 5.000 % pa in 1960. Australia Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

Graph and download economic data for Interest Rates, Discount Rate for Australia (INTDSRAUM193N) from Jul 1969 to Apr 2013 about Australia, interest rate, interest, and rate.

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.

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.

Australia Deposit Rate: Bank Term Deposits: AUD 10000: Average Rate data was reported at 3.250 % pa in Feb 2025. This records a decrease from the previous number of 3.350 % pa for Jan 2025. Australia Deposit Rate: Bank Term Deposits: AUD 10000: Average Rate data is updated monthly, averaging 3.350 % pa from Feb 2002 (Median) to Feb 2025, with 277 observations. The data reached an all-time high of 5.250 % pa in Sep 2008 and a record low of 0.150 % pa in Apr 2022. Australia Deposit Rate: Bank Term Deposits: AUD 10000: Average Rate data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.M003: Deposit 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.

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.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Australia (IR3TIB01AUM156N) from Jan 1968 to Feb 2025 about interbank, Australia, 3-month, yield, interest rate, interest, and rate.

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.

On November 8, 2023, the Reserve Bank of Australia (RBA) increased the interest rate by 0.25 percentage points, bringing the interest rate to 4.35 percent. This was the thirteenth interest rate increase by the RBA since November 4, 2020, which saw the interest rate drop to a record 0.1 percent.

As at November 2024, the average fixed interest rate for a 1-year standard investor residential mortgage in Australia was 6.6 percent. In comparison, the average fixed rate for a 5-year standard mortgage was 6.6 percent.

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.

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.