Historical Year Data · 2022
Australia Cash Rate Target in 2022
Australia Cash Rate Target opened 2022 at 0.10% and closed at 3.05%, a +2950.00% move for the year. The high of 3.05% was reached on December 31, and the low of 0.10% on January 31.
Open
0.10%
2022-01
Close
3.05%
12 data points
High
3.05%
Dec 31
Low
0.10%
Jan 31
Full Year Change
+2950.00%
2021 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| Feb | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| Mar | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| Apr | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| May | 0.33% | 0.33% | 0.33% | 0.33% | +0.00% |
| Jun | 0.73% | 0.73% | 0.73% | 0.73% | +0.00% |
| Jul | 1.28% | 1.28% | 1.28% | 1.28% | +0.00% |
| Aug | 1.81% | 1.81% | 1.81% | 1.81% | +0.00% |
| Sep | 2.25% | 2.25% | 2.25% | 2.25% | +0.00% |
| Oct | 2.58% | 2.58% | 2.58% | 2.58% | +0.00% |
| Nov | 2.84% | 2.84% | 2.84% | 2.84% | +0.00% |
| Dec | 3.05% | 3.05% | 3.05% | 3.05% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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