RBA cuts cash rate to two-year low of 3.60%Australia's cash rate has fallen another 25 basis points to 3.60% – marking the third drop of this year so far – and will likely trigger another round of home loan interest rate cuts. The Reserve Bank of Australia (RBA) delivered a widely expected cash rate cut on Tuesday afternoon, lowering the official rate by 25 basis points. The third cut of 2025 sees the cash rate 75 basis points below its recent peak of 4.35%, at 3.60%. See when your lender passes on the July interest rate cut via our Current Interest Rates in Australia updated coverage. So far, only one lender has failed to pass on an RBA rate cut this cycle.