📢📢 RBA Announces First Cash Rate Decision of 2025 📢📢
The Reserve Bank of Australia (RBA) has announced a reduction in the official cash rate, lowering it by 0.25 percentage points to 4.10 per cent.
The decision follows this week’s board meeting and marks the first rate cut since November 2020, when the cash rate was reduced to a historic low of 0.10 per cent in response to pandemicic's economic impact.
This adjustment is also the first change to the cash rate since November 2023, when rates were increased to 4.35 per cent.
In response to the RBA’s decision, the major banks have swiftly followed suit, announcing reductions in their home loan rates by 0.25 per cent.