Will the RBA cut rates in June?

By Mozo Editorial · · 2 min read
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Although leading economists are tipping at least 2 or 3 more rate cuts this year and are banking on an already record low interest rate of 2.75 percent to be hacked to as low as 2 percent, most agree that it will not likely happen tomorrow at the RBA's June meeting.

Those who are hoping for another rate cut tomorrow can hold their grudge against the Aussie dollar. While travellers have praised great exchange rates, local businesses with exporting and overseas interests have been doing it tough with an overvalued Australian dollar.

After the RBA knocked 25 basis points off the cash rate in May, the Australian dollar almost immediately fell below parity against the US dollar and has declined almost 7% since.

According to HSBC chief economist Paul Bloxham this would equal a contribution of almost 1% to the countries GDP and thus easing the pressure on the RBA to cut rates again in June.

But the main issues for the Australian economy still stand. The mining sector is not about to come to a complete stand still but is definitely slowing down and other sectors such as housing will need to fill the void. This along with a number of global economic challenges has economists predicting that further cuts are likely, just not this month.

But economists and experts predictions have been wrong before and its not over until the RBA sings, so whatever happens tomorrow be sure to check back here when Mozo's rate chasers bring you up to speed on the bank's announcements and all the action.

Read last month's Reserve Bank interest rates update.

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Last updated 5 December 2025 Important disclosures and comparison rate warning*
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  • Promoted

    Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • First Home Buyer Loan

    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • For first home buyers
    • Offset available
    • Redraw available
    Interest rate
    4.99 % p.a.
    Variable
    Comparison rate
    5.04 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Competitive interest rate – 4.99% p.a. (comparison rate* 5.04% p.a.)
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  • Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    Interest rate
    5.09 % p.a.
    Fixed 2 years
    Comparison rate
    5.43 % p.a.
    Initial monthly repayment
    $2,712
    Go to site
    • No ongoing annual fees
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  • Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • Discount Great Rate Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.20 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • Get up to $3,000 cashback when you apply online (T&Cs apply)
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    • Low variable rate

  • Variable Home Loan 90

    • Owner occupier
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.29 % p.a.
    Variable
    Comparison rate
    5.33 % p.a.
    Initial monthly repayment
    $2,773
    Go to site
    • No monthly or ongoing fees
    • Option to add an offset for 0.10% p.a.

  • Offset Home Loan

    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.39 % p.a.
    Variable
    Comparison rate
    5.42 % p.a.
    Initial monthly repayment
    $2,805
    Go to site
    • No ongoing monthly loan maintenance fees to pay.
    • Pre-approval valid for 3 months
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