Interbank Rate in Australia decreased to 1.40 percent in May from 1.75 percent in April of 2019. Interbank Rate in Australia averaged 6.30 percent from 1986 until 2019, reaching an all time high of 18.18 percent in August of 1986 and a record low of 1.40 percent in May of 2019.
Interbank Rate in Australia is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Australia to stand at 1.50 in 12 months time. In the long-term, the Australia Three Month Interbank Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.