Cash Rate Target Lowered to 4.10%, Effective 19 February 2025

18/02/2025

The Reserve Bank of Australia’s Board decided on 18 February 2025 to lower the cash rate target from 4.35% to 4.10%. Accordingly, the rate of interest on unpaid legal costs prescribed by s 195 of the Legal Profession Uniform Law (NSW) and r 75 of the Legal Profession Uniform General Rules 2015 (NSW) will be 6.10%, effective from 19 February 2025.

Please see the Reserve Bank of Australia webpage on the Cash Rate Target for a table summary of all interest rate decisions (available here).