The Reserve Bank cut the cash rate on 18 February 2025, from 4.35 per cent to 4.10 per cent.
Key Facts
- Date: 18 February 2025
- Cut: 0.25 percentage points
- New rate: 4.10 per cent
- First cut since November 2020
- Governor: Michele Bullock
What the RBA Said
The board said monetary policy would stay restrictive even after the cut.
What It Means
Borrowers with variable loans may pay a bit less each month, if their bank passes on the cut.
Correction
An earlier version said this was the first cut in four years. It was the first since November 2020.
Frequently Asked Questions
What is the cash rate now?
It was cut to 4.10 per cent in February 2025.
When was the last cut before this?
November 2020.
Will my repayments drop?
Only if your lender passes on the cut.
Conclusion
The cut gave some relief to borrowers.
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