Interest rates fall, as predicted ... now, what's next?

The Reserve Bank has delivered the expected cut in the official interest rate — the first since late 2020. But there's a sting in the tail, with a warning that economic conditions remain volatile, and any additional rate cuts this year are far from certain.

Reserve Bank of Australia (RBA) Governor Michele Bullock speaks to media during a press conference in Sydney, Tuesday, February 18, 2025. Source: AAP / DAN HIMBRECHTS/AAPIMAGE