Official interest rate in the inflation-targeting era (%)

Shaded area: When rates slip below (1.5% - 2%) does it do more harm than good for the economy?

Blue area: Glenn Stevens RBA governor (Sept 2006 - Sept 2016). Orange area: Philip Lowe RBA governor (Sept 2016 - Sept 2023).
Chart: ABC NewsSource: Reserve Bank of AustraliaGet the dataCreated with Datawrapper