RBA Interest Rate Decision, July 2025
The Reserve Bank of Australia held the cash rate target at 3.85% on July 8, 2025, 25 bp more hawkish than expected.
What the RBA decided in July 2025
AUD/USD after the RBA decision, minute by minute
One-minute candles, Sydney time. The box is the hour before the announcement. How we measure.
- The hour beforeAUD/USD ranged 8.6 pips, from 0.65105 to 0.65191, and was at 0.65121 at the announcement.
- The first spike After 0 minutes price went through the hour's high and ran 39 pips past it.
- The close back No five-minute candle closed back inside the range within the hour: the first move held.
- The other side Not measured: it needs a close back first.
- The moves From the last price before the announcement: +28 pips at 15 minutes, +30 pips at one hour, +29 pips at four hours.
Across 14 measured RBA decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 8 (57%), and in 7 of those price then took the other side within four hours. In the other 6 the first move held. Median move in the first 15 minutes: 20 pips.
This decision is one where the first move held. Counts include the decisions where it did not close back. All RBA dates · RBA overview.
RBA July 2025 decision: questions
What time was the RBA interest rate decision on Jul 8, 2025?
It was announced at 2:30 PM Sydney (12:30 AM EDT New York, 5:30 AM London London), with the press conference at 3:30 PM Sydney.
What did the RBA decide in July 2025?
Held at 3.85% (previous 3.85%). Economists expected: cut 25 bp to 3.60%, so the decision was 25 bp more hawkish than expected.
How did AUD/USD react to the RBA decision in July 2025?
On one-minute candles: the hour before ranged 8.6 pips; the first spike went above it by 39 pips; it did not close back inside within the hour; after one hour AUD/USD was +30 pips from its pre-announcement price.
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