What It Means for You
The Reserve Bank of Australia (RBA) has delivered its third interest rate cut of 2025. Reducing the official cash rate by 0.25 percentage points at its August board meeting.
This latest cut brings the cash rate down to 3.60%, the lowest it has been since April 2023.
Why Did the RBA Cut Rates?
The RBA’s decision follows signs that inflation is easing and the economy is showing some signs of slowing. With inflation now within the target range and a softening labour market. The board opted for a cautious reduction to support ongoing economic stability and growth.
What Does This Mean for You?
A lower cash rate usually leads to banks reducing variable home loan rates, which can translate into lower monthly repayments for borrowers.
If you have an existing mortgage, now is an excellent time to review your loan and ensure your interest rate is competitive.
What Should You Do Next?
Reach out to me at Truth Group to discuss how this rate cut might impact your loan and explore your options.
If refinancing could save you money or improve your cash flow. I’ll help you find the best deals tailored to your needs.
Whether it’s your home loan or investment property financing, I’ll guide you every step of the way.
Book your free homeloan review with me today and let’s make sure your mortgage is working as hard as possible for you.
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