Forex Fundamentals
RBA Interest Rate Decision

RBA Interest Rate Decision 2 May 2023

RBA Interest Rate Decision 2 May 2023: 3.85%, above the 3.6% forecast and up from 3.6% in April 2023. It is the highest of the last 12 releases. 3 of the last 12 releases came in above the forecast. It was released on Tue 2 May 2023 at 04:30 UTC.

These figures were verified on 4 Oct 2026 from the source: Reserve Bank of Australia. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3.85%
Forecast
3.6%
The market consensus
Previous
3.6%
As the source gives it

What a print like this usually does

Above the forecast: A rate higher than markets expected can lift the Australian dollar strongly as investors reprice the RBA path; an unexpected hike is especially supportive.

RBA Interest Rate Decision 2 May 2023: 3.85% against a 3.6% forecast, with the last 12 releases
Sharing this? Please link to this page as the source.Download the chart

Cite this release

If you cite this release, please link to this page:

RBA Interest Rate Decision 2 May 2023: 3.85% vs 3.6% forecast (Reserve Bank of Australia). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/rba/2023-05-02

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
2 May 2023—3.85%3.6%3.6%
4 Apr 2023—3.6%3.6%3.6%
7 Mar 2023—3.6%3.6%3.35%
7 Feb 2023—3.35%3.35%3.1%
6 Dec 2022—3.1%3.1%2.85%
1 Nov 2022—2.85%2.85%2.6%
4 Oct 2022—2.6%2.85%2.35%
6 Sep 2022—2.35%2.35%1.85%
2 Aug 2022—1.85%1.85%1.35%
5 Jul 2022—1.35%1.35%0.85%
7 Jun 2022—0.85%0.6%0.35%
3 May 2022—0.35%0.25%0.1%
The release before:RBA Interest Rate Decision 4 April 2023The release after:RBA Interest Rate Decision 6 June 2023RBA Interest Rate Decision: every recent resultThis week’s economic calendar