Markets live updates: Reserve Bank expected to cut interest rates for third time in 2025
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
17 minutes ago
- West Australian
RBA rate cut live updates: Reserve Bank of Australia to hand down decision on interest rates
Australian homeowners are nervously awaiting the end of the Reserve Bank's board meeting to find out if they will be gifted some relief in the form of an interest rate cut. Follow the latest by scrolling through the posts below. The Reserve Bank is highly tipped to cut at 2.30pm today — and not just because local spending is soft or inflation's easing. As the RBA board enters the second day of deliberation, they'll be sweating on Donald Trump's fresh round of tariffs, including 25 per cent on key Australian trading partners Japan and Korea. A messy, drawn-out trade war was a key concern at the last RBA meeting in May, something Assistant Governor Sarah Hunter said could 'structurally alter the world economy'. At its last meeting, the RBA ran through a bunch of scenarios: one where things stay mild, one where the worst is avoided, and one where a full-blown trade war sends everything south. That worst-case scenario includes higher prices for imports, broken supply chains, nervous businesses pulling back on investment, and a hit to confidence across the board. With components of complex goods like cars sourced across multiple countries, the danger is tariff-induced bottlenecks, pushing up prices at the same time as global demand is going soft. That's the kind of squeeze central banks hate: weak growth and rising costs. And then there's the uncertainty. Read the full analysis here. Hello and welcome to the day when mortage holders across Australia hold their collective breaths. We've had two interest rate cuts from the last three Reserve Bank board meetings, providing some much needed relief at a time when the cost-of-living crisis continues to put pressure on households. And the experts reckon we could be in for a third today. It'll be the first time we've had back-to-back cuts since the pandemic if it happens. We'll find out for certain at 2.30pm AEST. Stay with us for all the latest.
Perth Now
20 minutes ago
- Perth Now
Australian shares seesaw ahead of Reserve Bank decision
The local share market has been gyrating between positive and negative territory amid tariff uncertainty and as traders wait for the latest Reserve Bank decision on interest rates. The ASX200 began trading on Tuesday with a 17-point fall, then climbed 20.7 points into the green in the second hour of trading before sinking back slightly into the red. At noon the benchmark S&P/ASX200 index was down 7.3 points, or 0.08 per cent, to 8,582.2, while the broader All Ordinaries was down 4.5 points, or 0.05 per cent, to 8,821.9. analyst Kyle Rodda said markets had received a "quick punch in the guts" as Wednesday's US trade deal deadline approached. Market participants were expecting a flurry of trade deals with trading partners, but so far only letters about tariffs on the likes of Japan, South Korea and South Africa had been announced. But Mr Rodda added there was some merit to the idea this was all a negotiating tactic by the Trump administration designed to create urgency. Closer to home, it is widely expected that the Reserve Bank will announce later on Tuesday afternoon that it is cutting the cash rate from 3.85 per cent. Earlier on Tuesday, the NAB Business Survey rose to its highest level, in trend terms, in more than a year, suggesting business conditions were starting to stabilise or even turn around after a disappointing start to the year. "After a volatile but soft year for business confidence, we have seen a trend improvement over the past three months," said NAB's head of Australian economics, Gareth Spence. "It is now around its long-run average." Seven of the ASX's 11 sectors were lower at midday, with consumer discretionary, financials, telecommunications and telecommunications higher. Consumer staples was the biggest mover, dropping 1.1 per cent as Coles subtracted 1.0 per cent and A2 Milk retreated 3.3 per cent. In health care, Botanix Pharmaceuticals had plunged 43.6 per cent to 17.5 cents after the clinical dermatology company announced sales figures for the launch of its treatment for primary axillary hyperhidrosis, or excessive underarm sweating. There had been 16,000 prescriptions filled for 6700 patients since February, Botanix said, apparently underwhelming investors who were hoping for far more. In the heavyweight mining sector, BHP was down 1.1 per cent and Rio Tinto had dipped 0.8 per cent, while Fortescue had added 0.6 per cent. In financials, three of the four big banks were higher. CBA had added 0.3 per cent, NAB was up 0.5 per cent and ANZ had advanced 0.4 per cent, while Westpac was down 0.4 per cent. In currency, the Australian dollar was trading for 65.15 US cents, from 65.24 US cents on Monday.
News.com.au
27 minutes ago
- News.com.au
Break it Down: Western Yilgarn bulks up bauxite resource to 205Mt
Western Yilgarn has announced a 16.5-million-tonne bauxite resource estimate for its Cardea-3 deposit in Western Australia.
