RBA Expected to Cut Interest Rates Amid Record ASX 200 Surge 📉

The ASX 200 closed 0.4 per cent higher at a new record as investors piled into miners and banks ahead of tomorrow's RBA rates decision. The central bank is tipped to reduce interest rates after holding steady at the previous meeting and shocking markets. Meanwhile, the big winners of the day were lithium producers, buoyed by the closure of a major Chinese mine, while JB Hi-Fi was sold off despite announcing a solid increase in profit and a special dividend for investors. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2025-08-11/asx-markets-business-news-live-updates/105634816 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