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Australia cuts interest rates by 25 bps to a two-year low of 3.6%

Australia’s central bank cut its interest rates by 25 basis points on Tuesday. The benchmark lending rates are now at 3.6%, the lowest since April 2023, which aligned with analysts’ expectations. The ...
Seeking Alpha

Australia's central bank cuts interest rates to 3.6%, lowest level since April 2023 amid moderating inflation and cautious outlook

The Reserve Bank of Australia (RBA) cut its cash rate by 25 basis points to 3.6% at its August meeting, matching market expectations. This move brings interest rates to their lowest level since April ...