FX.co ★ Australia Cut Cash Rate to 2-Year Low of 3.6%

In its August meeting, the Reserve Bank of Australia reduced the cash rate by 25 basis points to 3.6%, aligning with market expectations. This adjustment lowers borrowing costs to their most favorable level since April 2023, driven by a significant decline in inflation from its 2022 peak, returning to the RBA’s target range of 2-3%.