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Australia's Central Bank Cuts Rates, Points to Risks From Tariffs and Geopolitics
The Reserve Bank of Australia lowered its benchmark cash rate by 0.25 percentage point to 3.85%. Government-bond yields dropped and the Australian dollar weakened. “While recent announcements on tariffs have resulted in a rebound in financial market prices,
Australian central bank reduces benchmark interest rate to 3.85% in second cut this year
Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage for a second time this year, to 3.85% after inflation fell within a target range. The Reserve Bank of Australia reduced its cash rate from 4.
Reserve Bank of Australia Gov. Michele Bullock has signaled a willingness to act boldly if events demand it.
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According to the Australian Bureau of Statistics (ABS), employment surged by 89,000 in April, significantly higher than the ...
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These days Australia is not suffering declining terms of trade (the difference between the prices of exports and imports), although it might if Trump manages to destroy the Chinese economy ...
Australia's central bank has cut its policy rate to 3.85% as inflation concerns in the country continue to recede.
It has been reported that Trump's proposed 10% tariffs on Australian exports have stoked fears of renewed trade tension, ...
Inflation is back under control, but now the Reserve Bank is concerned about the risks of a global economic slowdown.
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