The Reserve Bank of Australia (RBA) has cut the official cash rate from 1.5 per cent to a new historic low of 1.25 per cent. The decision broke the RBA’s longest streak without change the offical interest rate.
The Reserve Bank has cut interest rates by 25 basis points to a new record low of 1.25 per cent in what is the first movement in cash rates since August 2016. The announcement comes as no surprise, with the majority of experts and economists expecting the Reserve Bank would make its first move in nearly three years just weeks after the Federal Election on 18th May.
The Reserve Bank has cut rates to a new record low of 1.25 per cent after 32 consecutive months on hold, signalling good news for mortgage holders.
The Reserve Bank of Australia has followed forecasts and cut interest rates for the first time in almost three years. The cash interest rate has been moved from 1.5 per cent to 1.25 per cent.
The Reserve Bank of Australia cut interest rates in June to a historic low of 1.25 per cent after 33 consecutive months at 1.50%. The RBA Rate cut to reduce joblessness and to achieve more progress towards inflation target. Highlights. Prior 1.50%; The decision to cut is to support jobs growth; Rate cut is to make further inroads into spare capacity
Reserve Bank interest rates: RBA cuts rates to historic low of 1.25% – live. The Guardian by. The central scenario remains for underlying inflation to be 1 per cent this year, 2 per cent in 2020 and a little higher after that. 5.38am BST The governor sticks to his guns about the.
The Reserve Bank of Australia has cut official interest rates to a new record low of 1.25 per cent, as it looks to turn around sluggish employment, wages and inflation.
In the first official rate move in almost three years, the Reserve Bank announced it will lower the cash rate from 1.5 per cent to 1.25 per cent. The reduction has been widely anticipated, and comes after the RBA signalled it could cut interest rates last month to curb unemployment rising.
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All eyes on Reserve Bank ahead of cash rate decision The RBA could cut the official cash rate to a new record low of 1.25 per cent today – and the decision is looking like a coin toss. Frank.