Rba Interest Rates Today Effect 2025 Usa. The cash rate has a strong influence over interest rates in the economy, such as lending and deposit rates. Overnight on thursday, both central banks cut their benchmark interest rates for a second time in three months.

But when the rba changes the cash rate target, interest rates for mortgages don’t automatically change — the individual banks decide that. The outlook for interest rates in 2025 and 2026 depends mainly on the u.s.