Reserve Bank of Australia meeting —

At its 18 February 2025 meeting, the Reserve Bank of Australia lowered its policy rate to 4.10%.

Decision

cut — 4.10%

Key passages

At its meeting today, the Board decided to lower the cash rate target to 4.10 per cent and the interest rate paid on Exchange Settlement balances to 4 per cent.

The rate cut itself is the key policy action, signalling the start of an easing cycle.

In the December quarter underlying inflation was 3.2 per cent, which suggests inflationary pressures are easing a little more quickly than expected.

Inflation easing faster than expected supports the case for rate cuts.

Meeting documents

Background reading

Next meeting · Open the full decision workspace

The Cadence Brief

The one number that moved central bank pricing — delivered each weekday morning.

Free. One email a day. Unsubscribe anytime.