IN FULL: Reserve Bank cuts interest rates by 0.25 percentage points to 3.85 per cent | ABC NEWS

The Reserve Bank has cut interest rates by 0.25 percentage points, to 3.85 per cent. The RBA Board's decision to cut the cash rate target from 4.1 per cent to 3.85 per cent means this is the lowest level for interest rates since May 2023. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2025-05-20/asx-markets-business-live-news-may-20-rba-may-rates-decision/105309380 ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: http://facebook.com/abcnews.au Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel