Historical Year Data · 1999
Australia Cash Rate Target in 1999
Australia Cash Rate Target opened 1999 at 4.75% and closed at 5.00%, a +5.26% move for the year. The high of 5.00% was reached on December 31, and the low of 4.75% on January 31.
Open
4.75%
1999-01
Close
5.00%
12 data points
High
5.00%
Dec 31
Low
4.75%
Jan 31
Full Year Change
+5.26%
1998 Change
-4.80%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Feb | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Mar | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Apr | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| May | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Jun | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Jul | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Aug | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Sep | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Oct | 4.75% | 4.75% | 4.75% | 4.75% | +0.00% |
| Nov | 4.98% | 4.98% | 4.98% | 4.98% | +0.00% |
| Dec | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.