The Reserve Bank has cut rates for the first time in nearly five years.

The cash rate rose to 4.35 percent in November 2023 and had not moved for over 12 months.

Although today’s rate cut has been welcomed across the country, it will be some time before mortgage holders get any relief.

The Community Radio Network’s political reporter Noah Secomb has the story.

Image: Reserve Bank governor Michelle Bullock | Noah Secomb

Produced By: Noah Secomb

Featured In Story:

First aired on The Wire, Tuesday 18 February 2025