Reserve Bank cuts interest rates by 0.25 percentage points in August in unanimous decision
The Reserve Bank cut interest rates by 0.25 percentage points in August to 3.6 per cent, after July's shock 'on hold' decision.
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The Reserve Bank has delivered its third interest rate cut of 2025, with a 0.25 percentage point reduction at its August board meeting.
That takes the cash rate to 3.6 per cent for the first time since April 2023.
Potential impacts
The average owner-occupier with a $750,000 mortgage as of February will see their minimum monthly repayment fall $111 if their bank passes on the cut, taking the cumulative reduction this year to $340.