19/08/2025
As most of us know, and were very happy to hear, the Reserve Bank cut interest rates by 0.25 percentage points last week in unanimous decision.
Business reporter Stephanie Chalmers of abc.net.au explained, "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.
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, according to Canstar."
Read more here:
https://www.abc.net.au/news/2025-08-12/rba-cuts-official-interest-rate-at-august-meeting/105642434
The central bank delivers its third interest rate cut of the year after last month's unexpected decision to hold, taking the cash rate to 3.6 per cent for the first time since April 2023.
