AUCBBS The Reserve Bank of Australia has not yet reduced interest rates. However, a closer examination reveals that the pace of its balance sheet reduction has accelerated significantly in recent months, effectively serving the same purpose as an interest rate cut.Given the Federal Reserve’s recent rate cut and the Bank of England’s decision to maintain its rates, both currently at 5%, it is likely that the Reserve Bank of Australia will also keep its interest rate unchanged at 4.5% in the coming days.