Cash Rate Target Remains Unchanged at 3.85%, Effective 9 July 2025

09/07/2025

The Reserve Bank of Australia’s Board decided on 8 July 2025 to leave the cash rate target unchanged at 3.85%. Accordingly, the maximum rate of interest on unpaid legal costs as permitted by s 195 of the Legal Profession Uniform Law (NSW) and r 75 of the Legal Profession Uniform General Rules 2015 (NSW) will remain 5.85%, effective from 9 July 2025, for bills issued during the period of the current cash rate target.

To determine the appropriate maximum rate of interest on unpaid legal costs as relevant to the date the bill was issued, please see the Reserve Bank of Australia webpage on the Cash Rate Target for a table summary of all interest rate decisions (available here).