01 August 2025
Whilst many pundits expected the RBA to cut interest rates at the July meeting, the RBA Board instead elected to keep the official cash target rate at 3.85%.
In the statement issued by the RBA, it was noted that inflation has moderated significantly since its peak in 2022. However, in the face of continued global and domestic uncertainty, the RBA Board voted 6 – 3 in favour of keeping rates steady.
The next RBA interest rate decision is expected on the 12th of August. Whilst many commentators are expecting a rate cut in August, that is anything but a foregone conclusion.
Over the last few years, the RBA Board has demonstrated a very cautious approach to cutting rates and remains very focussed on keeping a lid on inflation.
Given the current interest rate and broader economic environment, it is important to be proactive with your personal and business lending.
If you need assistance to review your lending facilities, or to shop-around for the most competitive rates, get in touch.