Reserve Bank of Australia meeting —

At its 8 July 2025 meeting, the Reserve Bank of Australia held its policy rate at 3.85%.

Decision

hold — 3.85% to 3.85%

Key passages

today the Board decided to leave the cash rate on hold at 3.85 per cent.

Actual policy decision: no change, contrary to market expectations for a cut.

we’ve already cut the cash rate by 50 basis points since February this year, the effects of which are still to flow through to the economy.

Acknowledges past cuts and that their impact is still unfolding, suggesting scope for more easing later.

Meeting documents

Background reading

Previous meeting · 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.