Sydney: The Reserve Bank of Australia announced today a 25 basis point cut in key interest rates, the third cut this year. The move comes as part of the central bank's ongoing efforts to adjust monetary policy in response to current economic conditions.

According to Qatar News Agency, the Reserve Bank of Australia reduced its cash rate from 3.85% to 3.6%. This follows a previous reduction in May 2025, when the rate was cut from 4.1% to 3.85%. The latest reduction from 4.35% at its February board meeting marked Australia's first rate cut since October 2020.

With today's latest interest rate cut, it reached its lowest level since March 2023. The decision reflects the central bank's strategy to stimulate economic growth and manage inflationary pressures in the country.