· The Reserve Bank of Australia (RBA) has cut official interest rates. The bank reduced Australia’s cash rate by 25 basis points, leaving it at a new record low of 1.25%
The Reserve Bank has cut official interest rates by 0.25 percentage points to a new record low of 1 per cent, in the second consecutive cut in a month.. rba cuts rates to record low 1pc.
The RBA on Tuesday cut the official cash rate to a fresh record low 1.0 per cent and left the door open for another before Christmas as global trade uncertainty and low wage growth continues to.
RBA cuts rates to record-low 2.25pc. The Reserve Bank of Australia has cut official interest rates for the first time in 18 months to a record low as policy makers scramble to spur an economy.
The Reserve Bank of Australia cut interest rates in July to a historic low of 1.00 per cent for the second month in a row after 33 consecutive months at 1.50%. The RBA Rate cut to reduce joblessness and to achieve more progress towards inflation target
· The RBA has cut the official cash rate 0.25 points to a fresh record low of 1% with a third rate cut expected before Christmas (AAP Video)
The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent.
Australia’s dollar slid to its lowest. interest-rate cut. The Aussie slumped as much as 1.2% to 66.77 U.S. cents,
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The Reserve Bank of Australia today cut interest rates to a fresh record low 1.25 per cent, after an extended pause going back almost three years.
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The Reserve Bank of Australia (RBA) has cut official interest rates to just 1.25%. The cut of 25 basis points sets a new record low amid concerns from RBA Governor Philip Lowe about rising unemployment, low inflation and stagnant wages growth.
Today’s decision to cut the official cash rate by the RBA down by 25 basis points to 1.25 per cent has been one that has been anticipated for a long time, with the cash rate remaining at record levels for 33 rate decisions in a row.. As such, some lenders cut their rates today, and others cut theirs in anticipation of the RBA’s moves late last month and early this month.
(Bloomberg) — Reserve Bank Governor Philip Lowe said he’s still prepared to reduce Australia’s record-low interest. for.