The RBA have taken a big chunk out of interest rates. Dropping from 7% down to 6% in one big drop.
I shut down my AUD hedge (I live in Aus) this morning (damn it has hurt a bit!) and I’ve taken a small short position hoping that this might continue to fall.
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| Effective Date | Change in cash rate (Per cent) |
New cash rate target (Per cent) |
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|---|---|---|---|---|
| 8 Oct 2008 | -1.00 | 6.00 | ||
| 3 Sep 2008 | -0.25 | 7.00 | ||
| 5 Mar 2008 | +0.25 | 7.25 | ||
| 6 Feb 2008 | +0.25 | 7.00 | ||
| 7 Nov 2007 | +0.25 | 6.75 | ||
| 8 Aug 2007 | +0.25 | 6.50 | ||
| 8 Nov 2006 | +0.25 | 6.25 | ||
| 2 Aug 2006 | +0.25 | 6.00 | ||
| 3 May 2006 | +0.25 | 5.75 | ||
| 2 Mar 2005 | +0.25 | 5.50 | ||
| 3 Dec 2003 | +0.25 | 5.25 | ||
| 5 Nov 2003 | +0.25 | 5.00 | ||
| 5 June 2002 | +0.25 | 4.75 | ||
| 8 May 2002 | +0.25 | 4.50 | ||
| 5 Dec 2001 | -0.25 | 4.25 | ||
| 3 Oct 2001 | -0.25 | 4.50 | ||
| 5 Sep 2001 | -0.25 | 4.75 | ||
| 4 Apr 2001 | -0.50 | 5.00 | ||
| 7 Mar 2001 | -0.25 | 5.50 | ||
| 7 Feb 2001 | -0.50 | 5.75 | ||
| 2 Aug 2000 | +0.25 | 6.25 | ||
| 3 May 2000 | +0.25 | 6.00 | ||
| 5 Apr 2000 | +0.25 | 5.75 | ||
| 2 Feb 2000 | +0.50 | 5.50 | ||
| 3 Nov 1999 | +0.25 | 5.00 | ||
| 2 Dec 1998 | -0.25 | 4.75 | ||
| 30 Jul 1997 | -0.50 | 5.00 | ||
| 23 May 1997 | -0.50 | 5.50 | ||
| 11 Dec 1996 | -0.50 | 6.00 | ||
| 6 Nov 1996 | -0.50 | 6.50 | ||
| 31 Jul 1996 | -0.50 | 7.00 | ||
| 14 Dec 1994 | +1.00 | 7.50 | ||
| 24 Oct 1994 | +1.00 | 6.50 | ||
| 17 Aug 1994 | +0.75 | 5.50 | ||
| 30 Jul 1993 | -0.50 | 4.75 | ||
| 23 Mar 1993 | -0.50 | 5.25 | ||
| 8 Jul 1992 | -0.75 | 5.75 | ||
| 6 May 1992 | -1.00 | 6.50 | ||
| 8 Jan 1992 | -1.00 | 7.50 | ||
| 6 Nov 1991 | -1.00 | 8.50 | ||
| 3 Sep 1991 | -1.00 | 9.50 | ||
| 16 May 1991 | -1.00 | 10.50 | ||
| 4 Apr 1991 | -0.50 | 11.50 | ||
| 18 Dec 1990 | -1.00 | 12.00 | ||
| 15 Oct 1990 | -1.00 | 13.00 | ||
| 2 Aug 1990 | -1.00 | 14.00 | ||
| 4 Apr 1990 | -1.00 to -1.50 | 15.00 to 15.50 | ||
| 15 Feb 1990 | -0.50 | 16.50 to 17.00 | ||
| 23 Jan 1990 | -0.50 to -1.00 | 17.00 to 17.50 | ||
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