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This low rate gave the RBA less ammunition to support an economic recovery, as a lower cash rate can help spur investment and lower the value of the Australian dollar, boosting exports. During 2020, the average cash rental rate for cropland was $139 per acre, down $1 per acre, or 0.7%, from 2019, according to USDAs most recent August Cash Rents survey. They supplied information based on their best judgments Board meeting. Speculation about a possible cut has been mounting in recent weeks. Official Cash Rate (OCR) decisions and current rate The Reserve Bank uses monetary policy to maintain price stability as defined in the Remit. Meeting on Tuesday, the RBA Board slashed the official cash rate from 0.25% to 0.10%, another historic low, as well as unleashing much of its remaining toolkit. Finance. Next rate meeting: The board of the Reserve Bank meets on 01 December 2020 to decide the future of the cash rate. Australia's cash rate will hold at 0.25% for at least three years, according to economists at Westpac. In addition to paying in up to 20,000 in the 2020 - 2021 tax year, you can also transfer previous tax years' Cash ISA and Stocks and Shares ISA subscriptions. While the RBA subsequently raised the cash rate back to 4.75% in 2010, it has steadily declined over the past decade, falling to 0.75% before the COVID-19 pandemic arrived on Australian shores. Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.20 per share on February 5, 2021 to shareholders 2020: 207 rate cuts, 8 rate hikes / 2019: 132 cuts, 21 hikes (listed on cbrates.com) OECD & G20 Countries: 38.00 % (+ 2.00) Argentina | Benchmark Rate (Nov 12, 2020) Central Bank: 0.10 % (- 0.15) Australia | Cash Rate (Nov 03, 2020) - CHART: Historical Rates: 2.00 % (- 0.25 Brazil | Selic Rate (Aug 05, 2020) High Rate: Comenity Direct - 0.60% APY, $100 minimum to open account (no ATM access) The Cash Rate is rounded to two decimal places. JP Morgan has made the most aggressive prediction yet on interest rates, forecasting four rounds of cuts that will leave rates at 0.5 per cent by mid-2020. Worldwide Central Bank Rates Subscribe to our Newsletter / Rate Alerts via Twitter 2020: 207 rate cuts, 8 rate hikes / 2019: 132 cuts, 21 hikes (listed on cbrates.com) OECD & G20 Countries: 38.00 % (+ 2.00) Argentina | Benchmark Rate (Nov 12, 2020) Source: Getty. has also set a target for the yield on 3-year Australian Government bonds. It has been an interesting couple of months. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. Earn more rewards and credit every time you spend. Judgement for more details on fall back procedures when there are insufficient cash market transactions, and The cash rate is the interest rate on unsecured overnight loans between banks. PCE inflation is seen unchanged at 1.2% in 2020 and slightly higher next year (1.8% vs 1.7%) and in 2022 (1.9% vs 1.8%). 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