What was the cash rate in November 2011?

The cash rate in November 2011 was indeed 4.75%. The cash rate is the interest rate on overnight loans between financial institutions and serves as a key monetary policy tool used by a country's central bank, influencing economic activity. In November 2011, the Reserve Bank of Australia made a decision to set the rate at this level in response to various economic factors, including inflationary pressures and overall economic growth. This rate is significant as it affects borrowing costs for consumers and businesses, impacting spending and investment decisions in the economy. Understanding the historical context of the cash rate helps in analyzing the economic conditions of that period.