Elysha Novelia

Interest Rate Reserve Bank Of Australia 2025. The reserve bank handed down its first interest rate cut in more than four years, reducing the cash rate target by 25 basis points from 4.35 to 4.10 per cent. The interest rate we control is the cash rate, which is the rate that banks charge each other to borrow overnight.

The cash rate is the interest rate on unsecured overnight loans between banks. The interest rate we control is the cash rate, which is the rate that banks charge each other to borrow overnight.