The Reserve Bank has delivered on a widely anticipated interest rate cut, announcing a 0.25 percentage point reduction to 3.6 per cent.

It marks the third interest rate cut of the year, and comes as the government prepares for its productivity roundtable next week.

Treasurer Jim Chalmers says the three-day event will inform the government's decisions, and "is a good opportunity to shake the tree for more ideas in our economy." 

• Guest: Jim Chalmers, Treasurer 
• Producer: Teodora Agarici