Australia policy rates

  Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Dec-26
RBA Cash Rate
Dec-24
4.35
Mar-25
4.35
Jun-25
4.10
Sep-25
3.85
Dec-25
3.60
Mar-26
3.35
Jun-26
3.10
Sep-26
3.10
Dec-26
3.10
3mth BBSW
Dec-24
4.40
Mar-25
4.26
Jun-25
4.01
Sep-25
3.76
Dec-25
3.54
Mar-26
3.32
Jun-26
3.23
Sep-26
3.23
Dec-26
3.23

Offshore policy rates

  Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Dec-26
US Fed funds
Dec-24
4.50
Mar-25
4.25
Jun-25
4.00
Sep-25
3.75
Dec-25
3.50
Mar-26
3.50
Jun-26
3.50
Sep-26
3.25
Dec-26
3.25
RBNZ OCR
Dec-24
4.25
Mar-25
4.00
Jun-25
3.50
Sep-25
3.00
Dec-25
2.75
Mar-26
2.75
Jun-26
2.75
Sep-26
2.75
Dec-26
3.25

10-year benchmark bond yields

  Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Dec-26
Australia
Dec-24
4.45
Mar-25
4.40
Jun-25
4.30
Sep-25
4.30
Dec-25
4.05
Mar-26
4.05
Jun-26
4.05
Sep-26
4.05
Dec-26
4.05
United States
Dec-24
4.30
Mar-25
4.30
Jun-25
4.25
Sep-25
4.25
Dec-25
4.00
Mar-26
4.00
Jun-26
4.00
Sep-26
4.00
Dec-26
4.00
New Zealand
Dec-24
4.50
Mar-25
4.50
Jun-25
4.45
Sep-25
4.45
Dec-25
4.30
Mar-26
4.30
Jun-26
4.40
Sep-26
4.40
Dec-26
4.40

Effective 19 November 2024

Get in touch

Sales enquiries

Let us help with your business banking needs. Request a call back to chat with one of our business bankers.

Call me back

Contact us

Explore our business banking contact information and get support with a wide range of products, services and topics. 

View all business banking contacts

Visit a NAB business banking centre

Let our business banking specialists help you in person.

Find a NAB business banking centre

Terms and Conditions

View our NAB Research Disclaimer (PDF, 131KB), opens in new window

This webpage has been prepared by National Australia Bank Limited (ABN 12 004 044 937) (AFSL and Australian Credit Licence 230686) (“NAB”). Any information or advice contained on this webpage is intended to be of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information on this webpage, NAB recommends that you consider whether such information is appropriate or suitable for your circumstances. NAB recommends that you seek independent advice, and obtain and consider the Financial Services Guide and the relevant Product Disclosure Statement or other disclosure document, before acting on any information that you read on this webpage or any of the linked webpages, including whether to acquire or to continue to hold a product or service mentioned. 

The information on this webpage may be incomplete or not up to date and may contain errors and omission. All information on this webpage is indicative, is based on certain assumptions and current market conditions, and is subject to change without notice. Any projections and forecasts contained on this webpage are based on various assumptions and estimates, including future events and contingencies, which may be inaccurate. This webpage may include data sourced from external sources and NAB does not make, nor provide, any representation or warranty, either expressed or implied, as to or assume any liability or responsibility for the accuracy, reliability, validity, origin or completeness of, or any errors or omissions in, any information on this webpage or its suitability to your needs. NAB is under no obligation to update, or keep current, the information contained on this webpage. In all cases anyone proposing to rely on or use the information should independently verify and check the accuracy, completeness, reliability and suitability of the information.

To the maximum extent permitted by law, NAB and each of its related entities, associates, officers, employees or agents disclaims all and any responsibility or liability for any loss or damage which may be suffered by any person relying upon any information contained in, or any omissions from, this webpage.

Target Market Determinations for these products are available at nab.com.au/TMD.