Cash Rate Target Remains Unchanged at 4.35%, Effective 6 November 2024

05/11/2024

The Reserve Bank of Australia’s Board decided on 5 November 2024 to leave the cash rate target unchanged at 4.35%. 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 remain 6.35%, effective from 6 November 2024.

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