RBA cuts interest rates to record low 1.25%

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The Reserve Bank of Australia just announced the Cash Rate Target is cut by 0.25% to a record low of 1.25%.This was outcome was widely expected and is the first change in the Cash Rate since August 2016. The pertinent points in the RBA’s accompanying statement were: RBA’s cash rate target lowered by 0.25% to 1.25%

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.

The RBA cut the cash rate by 0.25 percentage. the extraordinary action of reducing interest rates to a record low 1.5%, half the rate that was prevalent during the global financial crisis, and a.

A shift in the likelihood of interest rate cuts in the US had a significant bearing on the Reserve Bank’s decision to cut.

The Reserve Bank of Australia cut interest rates in June to a historic low of 1.25 per cent after 33 consecutive months at 1.50%. The RBA Rate cut to reduce joblessness and to achieve more progress towards inflation target. Highlights. Prior 1.50%; The decision to cut is to support jobs growth; Rate cut is to make further inroads into spare capacity

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The Reserve Bank has cut interest rates by 25 basis points to a new record low of 1.25 per cent in what is the first movement. RateCity’s research director Sally Tindall said. So the RBA cut should.

MELBOURNE, Australia (AP) – Australia’s central back on cut its benchmark interest rate Tuesday by a quarter of a percentage point to a new record low of 1.25% in the first rate change in almost three.

Australia’s central bank chief philip lowe reiterated that it was “not unrealistic” to expect a further interest-rate cut. The quarter-point reduction to a record-low 1.25% this month was. % before.

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. Visit Comm.

Interest Rate in Australia averaged 4.39 percent from 1990 until 2019, reaching an all time high of 17.50 percent in January of 1990 and a record low of 1 percent in July of 2019. In Australia, interest rates decisions are taken by the Reserve Bank of Australia’s Board. The official interest rate is the cash rate.