Reserve Bank of Australia (RBA) target cash rate of 0.1 percent. Primarily, the reason for this is that the RBA is more concerned with ensuring banks have liquidity than intervening so that the cash rate is consistent with its target rate, and to this end has been using new methods to inject funds into banks since the coronavirus (COVID-19) pandemic.
The interest rate of bank accepted bills/negotiable certificates of deposit for Australian banks has fallen significantly over the last decade. From a peak of around five percent from late 2010 to late 2011, interest rates on three and six month bills/certificates had fallen to 0.01 and 0.03 percent respectively as of September 2021 . Notably, these rates are below the the official Monthly interest rate of bank accepted bills/negotiable certificates of deposit in Australia from January 2010 to December 2022, by maturity
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Financial markets in Australia
Global economic overview
5
- Basic Statistic Countries with the largest gross domestic product (GDP) 2022
- Premium Statistic Countries with largest stock markets globally 2023
- Premium Statistic Largest stock exchange operators worldwide 2023, by market capitalization
- Premium Statistic Worldwide 10-year government bond yield by country 2024
- Premium Statistic Value of foreign direct investment in Australia 2017-2021
Stock exchanges
5
- Premium Statistic Monthly ASX domestic market cap Australia 2010-2022
- Premium Statistic Average daily equity trading volume in Australia 2017-2022, by market
- Premium Statistic Average daily equity trading value in Australia 2017-2022, by market
- Premium Statistic Monthly volume of the ASX 2020-2022, by product
- Premium Statistic Largest companies listed on ASX Australia 2023
Stock market indices
4
Fixed income (bond) market
5
- Premium Statistic Government bonds outstanding in Australia 2003-2023, by type
- Basic Statistic Government bond yields curve in Australia 2023
- Premium Statistic 10-year bond yield in Australia 2010-2023
- Premium Statistic Two-year bond yield in Australia 2010-2022
- Premium Statistic Outstanding debt securities among corporations in Australia 2018-2022
Currency (forex) market
3
Money market
4
- Premium Statistic Australian overnight interbank lending volume 2019-2022
- Premium Statistic Australian overnight interbank cash rate vs target cash rate 2010-2022
- Premium Statistic Australian bank bills/certificates of deposit interest rate 2010-2022, by maturity
- Premium Statistic Australian treasury notes' outstanding value as of April 2022, by maturity
Derivatives market
5
- Premium Statistic Largest derivatives exchanges worldwide 2020-2022, by volume
- Premium Statistic OTC single currency interest rate derivatives in Australia 2001-2022, by instrument
- Premium Statistic ASX options market volume Australia 2020-2022, by type
- Premium Statistic ASX options market value Australia 2020-2022, by type
- Premium Statistic ASX 24 futures market volume Australia 2020-2022, by type
Further Content: You might find this interesting as well
Reserve Bank of Australia. (January 12, 2023). Monthly interest rate of bank accepted bills/negotiable certificates of deposit in Australia from January 2010 to December 2022, by maturity [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1275567/bank-bills-certificates-of-deposit-rate-australia/
Reserve Bank of Australia. "Monthly interest rate of bank accepted bills/negotiable certificates of deposit in Australia from January 2010 to December 2022, by maturity." Chart. January 12, 2023. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1275567/bank-bills-certificates-of-deposit-rate-australia/
Reserve Bank of Australia. (2023). Monthly interest rate of bank accepted bills/negotiable certificates of deposit in Australia from January 2010 to December 2022, by maturity. Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1275567/bank-bills-certificates-of-deposit-rate-australia/
Reserve Bank of Australia. "Monthly Interest Rate of Bank Accepted Bills/Negotiable Certificates of Deposit in Australia from January 2010 to December 2022, by Maturity." Statista, Statista Inc., 12 Jan 2023, https://www.statista.com/statistics/1275567/bank-bills-certificates-of-deposit-rate-australia/
Reserve Bank of Australia, Monthly interest rate of bank accepted bills/negotiable certificates of deposit in Australia from January 2010 to December 2022, by maturity Statista, https://www.statista.com/statistics/1275567/bank-bills-certificates-of-deposit-rate-australia/ (last visited May 15, 2024)
Monthly interest rate of bank accepted bills/negotiable certificates of deposit in Australia from January 2010 to December 2022, by maturity [Graph], Reserve Bank of Australia, January 12, 2023. [Online]. Available: https://www.statista.com/statistics/1275567/bank-bills-certificates-of-deposit-rate-australia/