Core Viewpoint - The Reserve Bank of Australia (RBA) has lowered the benchmark interest rate by 25 basis points to 3.85%, marking its second rate cut of the year and returning to the "3" range for the first time in two years [1] Group 1: Interest Rate Decisions - The RBA has cut the benchmark interest rate to 3.85%, indicating a cautious approach to monetary policy [1] - The expected interest rates for June 2026 and June 2027 are projected to be 3.2% [1] Group 2: Economic Outlook - There is significant uncertainty regarding the final scope of U.S. tariffs and the resulting policy responses, which may negatively impact global economic activity [1] - Inflation is expected to remain within target ranges, with upward risks appearing to have diminished [1] - The labor market remains tight, and international developments are anticipated to exert pressure on the economy, leading to uncertainties in domestic economic activity [1]