RBA cuts rates again as inflation recedes
Rates reached a high of 4.35% in December 2023, with today's cut the second this year.
RBA Governor Michele Bullock.
Citing a “substantial” fall in inflation from its 2022 peak, the Reserve Bank of Australia today cut official interest rates by 25 bps to 3.85%.
While some analysts had expected a larger cut, the RBA statement still projected some caution, quoting internal forecasts that headline inflation was
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