At its meeting today, the RBA decided to lower the cash rate by 25 basis points to 2.5 per cent

Livewire News

Livewire

At its meeting today, the RBA decided to lower the cash rate by 25 basis points to 2.5 per cent. The central bank cited growth at a little below trend whilst mining investment is coming off the boil. In addition, the local currency has fallen significantly but remains at a high level. Furthermore, despite all the interest rate cuts, borrowing remains subdued to this point whilst unemployment has edged upwards.


1 topic

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment