RBA interest rates decision: relief for borrowers as Reserve Bank cuts cash rate to 3.6%

<p>Reserve Bank of Australia’s decision widely anticipated by experts – although some believe cut was overdue</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2025/aug/12/australia-news-live-albanese-palestine-state-israel-war-gaza-rba-interest-rates-decision-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The Reserve Bank has delivered a much-anticipated rate cut, even as it warned Australians to brace for lower growth and wages in the future thanks to weaker productivity growth.</p><p>The RBA’s monetary policy board voted unanimously to drop the official cash rate target to 3.6%, from 3.85%.</p> <a href="https://www.theguardian.com/australia-news/2025/aug/12/rba-interest-rates-decision-relief-for-borrowers-as-reserve-bank-cuts-cash-rate-to-36">Continue reading...</a>