
(AGENPARL) – mar 02 agosto 2022 [Reserve Bank of Australia](https://events.rba.gov.au/link/id/zzzz62e8a8915a33a787Pzzzz61358c86a728c671/page.html)
Monetary Policy Decision
2 August 2022
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent.
[Read today’s decision]
[Read today’s decision](https://events.rba.gov.au/link/id/zzzz62e8a8915bbb0338Pzzzz61358c86a728c671/page.html)
Communications Division
Reserve Bank of Australia
Previous [media releases](https://events.rba.gov.au/link/id/zzzz62e8a8915d909116Pzzzz61358c86a728c671/page.html) are available on our website.