australias central bank cuts interest rate to 20
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Australia's central bank cuts interest rate to 2.0%

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Arab Today, arab today Australia's central bank cuts interest rate to 2.0%

Reserve Bank of Australia cuts official cash rate by 2.0%
Sydney - Arab Today

Australia's central bank Tuesday cut the official cash rate by 25 basis points to a new record low of 2.0 percent, its first easing since February amid a soft economic outlook.

"At today's meeting, the board judged that the inflation outlook provided the opportunity for monetary policy to be eased further, so as to reinforce recent encouraging trends in household demand," Reserve Bank of Australia governor Glenn Stevens said in a statement.

 

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australias central bank cuts interest rate to 20 australias central bank cuts interest rate to 20

 



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australias central bank cuts interest rate to 20 australias central bank cuts interest rate to 20

 



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