RBA cuts cash rate to new record low 0.75%
By Loren Webb · 1 October 2019 · News
By Loren Webb · 1 October 2019 · News
The Reserve Bank of Australia has taken a bold step to boost the economy, but will it be enough to lift the country out of its current slump? Find out what this move means for your finances and the future of the economy.
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.75 per cent, reducing the cost of borrowing for the third time in five months. The market had largely priced in Tuesday's 0.25 percentage point cut, despite lingering doubts over whether the move will deliver the desired lift in […]