Australia cuts interest rates for first time in 4 years
Australia’s central bank on Tuesday cut interest rates for the first time in more than four years as inflation pressures began to show signs of easing more quickly than expected. The Reserve Bank of Australia cut its cash rate by 0.25 basis points to 4.10 per cent.
Australian central bank cuts benchmark interest rate for the first time since October 2020
MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.35% to 4.1% at its first board meeting for the year.
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The Reserve Bank of Australia reduced its cash rate by 25 basis points to 4.1%, in line with expectations. This marks the ...
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