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Reserve Bank of Australia holds cash rate at 3.85 percent

Author
Newstalk ZB,
Publish Date
Tue, 8 Jul 2025, 7:54pm
Photo / File
Photo / File

Reserve Bank of Australia holds cash rate at 3.85 percent

Author
Newstalk ZB,
Publish Date
Tue, 8 Jul 2025, 7:54pm

The Reserve Bank of Australia has defied market expectations by leaving its cash rate target unchanged at 3.85 percent.

Market expectations were for the central bank to cut its rate by 25 basis points.

HSBC chief economist Paul Bloxham this came as a surprise to experts - but the central bank opted to wait ahead of the CPI release.

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