Tag Archives: interest rate cut

RBA cuts interest rates to record low

The Reserve Bank has slashed interest rates by 25 basis points to a historic low of 2.75 per cent, the first reduction this year.

Its decision to slash 25 basis points is aimed at priming those areas struggling as the economy transforms away from mining, in a effort to boost economic growth in Australia, which is still below trend. Continue reading RBA cuts interest rates to record low