RBA cuts again to take cash rate to 1%

Summary

The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012. The market had largely priced in a second straight 0.25 percentage point cut after RBA Governor Philip Lowe suggested […]

Tags: Australian Economy, cash rate, cash rate cut, Economic Growth, Economy, Governor Philip Lowe, Philip Lowe, Rba