Australia may cut interest rates again, potentially saving mortgage holders about $90 monthly.

The Reserve Bank of Australia is expected to cut interest rates at its upcoming monetary policy meeting, potentially marking the first back-to-back cuts in over five years. This follows weaker-than-expected retail sales and economic uncertainty. A 25-basis-point cut would save typical mortgage holders about $90 monthly on a $600,000 loan. More than three-quarters of economists predict another cut in August, totaling a 100-basis-point reduction since February, the sharpest easing in over 12 years. The decision may also be influenced by US President Trump's tariff policies, which have caused market volatility.