Australia - August 12, 2025 Australia's central bank on Tuesday cut its key interest rate by 0.25 percentage points for the third time in 2025. The Reserve Bank of Australia (RBA) Monetary Policy Board announced that it unanimously decided at a meeting on Tuesday to lower the cash rate target from 3.85 percent to 3.6 percent. It marks the third cut of basis points since February, when the RBA lowered the interest rate for the first time since 2020, and the lowest cash rate target figure since May 2023. Tuesday's cut was widely expected by economists after the Monetary Policy Board defied expectations at its previous meeting in July by keeping interest rates on hold despite falling inflation. The RBA's target range for annual inflation is 2-3 percent. The Monetary Policy Board said on Tuesday that updated forecasts suggest that underlying inflation will continue to moderate to the midpoint of the target range, with the cash rate assumed to follow a gradual easing path. The board will next meet at the end of September. SHOTLIST: FILE: Canberra, Australia - Date Unknown 1. Various of Australian Parliament House, national flag of Australia; FILE: Sydney, Australia - Date Unknown 2. Australian dollar banknotes being processed; 3. Australian dollar banknotes; FILE: Australia - Date Unknown 4. Pedestrians; FILE: Sydney, Australia - March 20, 2020 5. Various of pedestrians, traffic; FILE: Australia - Date Unknown 6. Various of street views, pedestrians; FILE: Sydney, Australia - May 7, 2019 7. Various of pedestrians; 8. Various of harbor, ferry; FILE: Sydney, Australia - Date Unknown 9. Sydney Opera House, river view. [Restrictions : No access Chinese mainland]