Great news! The RBA has cut the cash rate to 3.6% for August

The Reserve Bank has reduced the cash rate by 0.25% at its August meeting – the 3rd cut this year, following reductions in February and May. This brings the cash rate down to 3.60%, the lowest level since April 2023.

With inflation easing in the June quarter, today’s move was widely anticipated. If your bank passes on the cut in full, your variable home loan repayments will go down. It can also mean sharper offers for new lending and an increased borrowing capacity.

August 2025