In a move that marks the second interest rate cut of the year, the Reserve Bank of Australia (RBA) has reduced the official cash rate by 0.25 percentage points, bringing it down to 3.85%. The decision, handed down after the RBA’s May board meeting, reflects ongoing concerns about slowing economic growth and a desire to bring inflation sustainably within target. This cut comes after signs that inflation is cooling, giving the RBA more room to maneuver as it attempts to support the economy with...
Read MoreMay, 2025


