Reserve Bank of Australia Cash Rate

The Reserve Bank of Australia (RBA) is expected to cut rates to 0.75%. It has kept the rates unchanged for a couple of months, after two 25bp cuts this year already. The attention will shift to the RBA statement which will be released at the same time as the interest rate decision. The RBA was expected to cut interest rates in the May meeting but they left them unchanged, although they cut them in June by 25 bps. The RBA did so again in the July meeting, bringing them to 1.00%. The RBA has been raising interest rates since early 2022, taking them to 4.35% where they have stalled. But they are expected to change course soon, and probably announce the start of rate cuts today. Please follow us for live coverage of this event and the impact it might have on the currency.