08:10 AM EDT, 08/12/2025 (MT Newswires) -- The Reserve Bank of Australia cut rates by 25bps to 3.60% overnight Monday, as widely expected, said ING.

The Australian dollar (AUD) was slightly weaker, with markets interpreting the RBA's downward revisions to inflation and growth as a dovish signal, noted the bank.

However, Governor Michele Bullock kept forward guidance open-ended and data-dependent.

Given already aggressive easing expectations, ING remains "constructive" on AUD over the coming months.