<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Borrowers who welcomed the </span><a href="https://www.9news.com.au/reserve-bank-australia" rel="" target="" title="RBA's"><span>RBA's</span></a><span> latest interest cut have been given a fresh dose of good news by the central bank.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>This morning, the Reserve Bank released the minutes from its August 11-12 meeting, when its monetary policy board </span><a href="https://www.9news.com.au/finance/reserve-banks-meeting-to-decide-interest-rates-august-12/bd716ade-030c-4d2a-97b6-e4c3c51b795a" rel="" target="" title="unanimously decided to cut the cash rate to 3.60 per cent"><span>unanimously decided to cut the cash rate to 3.60 per cent</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>That was the third time this year Michele Bullock and her board handed down an interest rate cut, but the minutes signalled even more relief could be handed down later in the year.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES: </span></strong><a href="https://www.9news.com.au/national/porepunkah-victoria-police-shooting-live-updates-latest-news-headlines/7dcdf6e1-5c00-4554-8d22-cc74f2e1f007"><strong><span>Two officers killed, one injured in shooting at rural Victorian property</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Members agreed that – based on what they knew at the time of the meeting – preserving full employment while bringing inflation sustainably back to the midpoint of the target range appeared likely to require some further reduction in the cash rate over the coming year," the minutes state. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"They also agreed that it was important for the pace of decline in the cash rate to be determined by the incoming data on a meeting-by-meeting basis."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The monetary policy board will meet just three more times this year, with interest rate decisions to be handed down on September 30, November 4 and December 9.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/finance/reserve-bank-australia-interest-rate-meeting-minutes-august-2025/5f977c19-4e91-46dc-aa22-051d53c88897" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The market is currently pricing in one more cut before the end of the year, which is what each of the big four banks are also forecasting.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/iran-orchestrated-at-least-two-antisemitic-attacks-in-australia-anthony-albanese-says/d0cede9a-6c94-4f68-b86d-29099be3f514"><strong><span>Iran orchestrated at least two antisemitic attacks on Australian soil: PM</span></strong></a><strong></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span></span></strong><span>Economists from the Commonwealth Bank, Westpac, ANZ and NAB are all predicting a 25-basis-point cut will be handed down in November, taking the cash rate to 3.35 per cent by the end of the year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Westpac and NAB have also pencilled in a further cut in February.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The RBA said there was a chance it would need to cut rates faster or slower than expected, particularly related to the unemployment rate.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, the board also noted that it is "not yet possible to judge between these alternative scenarios for the pace of future reduction in the cash rate, given the prevailing uncertainties".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.</span></em></div></div>