The Latest Breaking News from The Reserve Bank of Australia

After several years of steadily declining, the Australian dollar staged a meaningful recovery in 2025, culminating in a two-cent rally over the past month.

An extensive government review of the Reserve Bank of Australia (RBA) in 2023 made 51 specific recommendations to enable “an RBA fit for the future”. But the narrow terms of reference confined the review to an economic lens.

Jim Chalmers says the rate cut is ‘very welcome relief for millions of Australians’

The Reserve Bank of Australia lowered the official interest rate by 25 basis points to 3.60% at its meeting today, marking the third cut this year. The move follows reductions in February and May, and comes after a pause in July that surprised analysts and upset mortgage holders.

The Reserve Bank of Australia wants to scrap surcharge fees on card payments in a move it argues will benefit consumers and business.

Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meeting

Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it

With the Reserve Bank of Australia easing monetary policy, interest rates are on the way down.

On Tuesday, the Reserve Bank of Australia cut the target cash rate by 0.25 percentage points. It now sits at 3.85% – the lowest since May 2023.