The Reserve Bank of Australia (RBA) has reduced the official cash rate by 0.25 percentage points, bringing it to 1.00 percent, which is the lowest level on record. This is the second time the RBA has cut rates in 2019, reflecting concerns about the pace of economic growth both domestically and internationally. In its official statement, the RBA cited revised forecasts for Australian economic growth, ongoing global economic uncertainty, and persistent trade tensions as key factors behind its decision. The central bank emphasized that the rate cut is intended to support employment growth and help the bank achieve its medium-term inflation target. The RBA also noted that it remains prepared to adjust monetary policy further if economic conditions require additional stimulus. Economists have suggested that further rate reductions may occur if the Australian economy does not show signs of improvement. The decision comes amid a backdrop of subdued inflation and concerns about a potential global economic slowdown, which have prompted central banks in several countries to consider or implement similar measures.