Australia's Reserve Bank cuts interest rates by 25 basis points as the Australian dollar continues to decline.

According to the Wisdom Financial APP, against the backdrop of increasing global uncertainty, the Reserve Bank of Australia has cut the benchmark interest rate for the second time this year, while maintaining a cautious policy outlook. The Reserve Bank of Australia lowered the benchmark interest rate by 25 basis points to 3.85% on Tuesday, hitting a new low in two years, in line with market expectations.