Aussie Dollar Steady as RBA Signals No Urgency to Cut Rates

The Australian dollar stabilized around $0.651 on Tuesday, as minutes from the Reserve Bank of Australia's October meeting indicated that the central bank saw no urgency for additional rate cuts.

The RBA held its cash rate at 3.6% in September 2025, following a 25bps cut in the previous month, keeping borrowing costs at its lowest since April 2023.

The central bank noted that monetary policy remains somewhat restrictive, but the full effects of earlier easing are still filtering through the economy, as seen in rising housing prices and credit growth.

However, the minutes also highlighted ongoing economic risks, with household consumption remaining weak amid subdued job and wage growth.

Nevertheless, the board reiterated that future policy decisions will remain cautious and firmly guided by incoming data.

On the economic front, Australia's NAB Business Confidence Index rose to 7 in September 2025, up from a three-month low of 4 in August, remaining above its long-term average.