Reserve Bank cuts interest rates to historic low of 1.25 per cent

Last month, the Reserve Bank of Australia cut the official interest rate to a historic low of 1.25 per cent. After a month of speculation, at their July meeting they have decided to cut rates again to 1% to a new record low. However, while a record low, the decision was not a surprise. Here’s what the experts have to say:

Australia’s central bank cut its cash rate by a quarter of a point to a record low of 1 per cent on Tuesday, a largely expected decision as policymakers try to spur economic growth and drive.

The Reserve Bank board meets today and it will be a huge surprise if interest rates are not cut – the first official rate move in almost three years, taking them to a fresh record low. Many eyebrows.

He says the main worry is how Australia’s consumption growth has slowed, due to low wage. The Reserve Bank has cut interest rates to 1% – the lowest rate in history. That’s a 0.25 percentage point.

. Reserve Bank of Australia finally cut interest rates to a new record. to lower the cash rate by 25 basis points to 1.25 per cent –

In the first official rate move in almost three years, the Reserve Bank announced it will lower the cash rate from 1.5 per cent to 1.25 per cent. The reduction has been widely anticipated, and comes after the RBA signalled it could cut interest rates last month to curb unemployment rising.

The Reserve Bank of Australia has cut interest rates bringing it to a historic low of 1.25 per cent. Today the RBA announced it will drop the.

How low could interest rates go, as employment and inflation weaken?. In May the Reserve Bank cut the OCR to a record low of 1.5 per cent, causing. said the bank expected the OCR would drop to 1.25 per cent in August,

All four big banks have said they will cut their home loan interest rates after the Reserve Bank of Australia announced a cut to the official cash rate – the first movement in almost three years. While Commbank and NAB said they’ll pass on the entire 0.25 per cent drop, Westpac will only pass on 0.2 per cent and ANZ will cut it’s rates by 0.18.

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