Australia cuts key interest rate to a record low

Australia cuts key interest rate to a record low

Australian central bank cuts benchmark rate by 0.25 per cent to a new record low of 1.25 per cent in the first rate change in almost 3 years. The change was widely expected after Reserve Bank of Australia Governor Philip Lowe said two weeks ago that inflation was likely to remain below the bank’s target range.

KCooper
KCooper
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