FX.co ★ Aussie Dollar Steady as RBA Signals No Urgency to Cut Rates

The Australian dollar stabilized around $0.651 on Tuesday following the release of the minutes from the Reserve Bank of Australia's (RBA) October meeting. These minutes revealed no immediate need for further rate reductions by the central bank. In September 2025, the RBA maintained its cash rate at 3.6%, following a 25 basis point reduction the previous month, marking the lowest borrowing costs since April 2023. The central bank observed that while monetary policy is still somewhat restrictive, the full impact of earlier monetary easing is gradually making its way through the economy, evidenced by the increase in housing prices and credit growth. The minutes also pointed out that there are ongoing economic challenges, with household consumption being weak due to stagnation in job and wage growth. Nevertheless, the RBA board emphasized that future policy decisions will be made cautiously, guided by upcoming data. On the economic landscape, Australia's NAB Business Confidence Index saw an increase, rising to 7 in September 2025 from a three-month low of 4 in August, remaining above its long-term average.