Historical Year Data · 2023
Australia Cash Rate Target in 2023
Australia Cash Rate Target opened 2023 at 3.10% and closed at 4.35%, a +40.32% move for the year. The high of 4.35% was reached on December 31, and the low of 3.10% on January 31.
Open
3.10%
2023-01
Close
4.35%
12 data points
High
4.35%
Dec 31
Low
3.10%
Jan 31
Full Year Change
+40.32%
2022 Change
+2950.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.10% | 3.10% | 3.10% | 3.10% | +0.00% |
| Feb | 3.29% | 3.29% | 3.29% | 3.29% | +0.00% |
| Mar | 3.54% | 3.54% | 3.54% | 3.54% | +0.00% |
| Apr | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| May | 3.83% | 3.83% | 3.83% | 3.83% | +0.00% |
| Jun | 4.05% | 4.05% | 4.05% | 4.05% | +0.00% |
| Jul | 4.10% | 4.10% | 4.10% | 4.10% | +0.00% |
| Aug | 4.10% | 4.10% | 4.10% | 4.10% | +0.00% |
| Sep | 4.10% | 4.10% | 4.10% | 4.10% | +0.00% |
| Oct | 4.10% | 4.10% | 4.10% | 4.10% | +0.00% |
| Nov | 4.29% | 4.29% | 4.29% | 4.29% | +0.00% |
| Dec | 4.35% | 4.35% | 4.35% | 4.35% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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