Historical Year Data · 2016
Australia Cash Rate Target in 2016
Australia Cash Rate Target opened 2016 at 2.00% and closed at 1.50%, a -25.00% move for the year. The high of 2.00% was reached on January 31, and the low of 1.50% on September 30.
Open
2.00%
2016-01
Close
1.50%
12 data points
High
2.00%
Jan 31
Low
1.50%
Sep 30
Full Year Change
-25.00%
2015 Change
-20.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.00% | 2.00% | 2.00% | 2.00% | +0.00% |
| Feb | 2.00% | 2.00% | 2.00% | 2.00% | +0.00% |
| Mar | 2.00% | 2.00% | 2.00% | 2.00% | +0.00% |
| Apr | 2.00% | 2.00% | 2.00% | 2.00% | +0.00% |
| May | 1.77% | 1.77% | 1.77% | 1.77% | +0.00% |
| Jun | 1.75% | 1.75% | 1.75% | 1.75% | +0.00% |
| Jul | 1.75% | 1.75% | 1.75% | 1.75% | +0.00% |
| Aug | 1.52% | 1.52% | 1.52% | 1.52% | +0.00% |
| Sep | 1.50% | 1.50% | 1.50% | 1.50% | +0.00% |
| Oct | 1.50% | 1.50% | 1.50% | 1.50% | +0.00% |
| Nov | 1.50% | 1.50% | 1.50% | 1.50% | +0.00% |
| Dec | 1.50% | 1.50% | 1.50% | 1.50% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.