From www.rba.gov.au: The Reserve Bank of Australia has lowered the cash rate target to 4.10% as underlying inflation moderates, decreasing to 3.2% in late 2024.

While there are signs of easing inflationary pressures and a gradual recovery in private demand, uncertainties persist regarding the labour market and domestic economic activity.

The Board prioritizes sustainably returning inflation to the target range while remaining cautious about any further policy easing due to potential risks.