RBA board unanimous on 25bps cut
The ASX hit a record high and the dollar dipped after rates were cut to 3.6%.
Trimmed mean inflation, the RBA’s preferred measure, is now at 2.7% and within the target range.
The Reserve Bank of Australia cut interest rates by 25 basis points today, to 3.6%, in the third cut since February.
In contrast to the controversial decision to leave rates on hold in July, where six board members voted not to cut against three dissenters, all nine board members were in favour of
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