Australia lowers interest rates to 3.85%, second cut this year |...

Australia lowers interest rates to 3.85%, second cut this year

Posted

The Reserve Bank of Australia (RBA) has cut the cash rate to 3.85%, marking the second reduction this year amid declining inflation, now within the 2-3% target. This decision follows concerns about global economic uncertainty due to US tariffs, despite recent trade negotiation revivals between the US and China. While inflation stabilises, unemployment has slightly increased to 4.

Read Full Article

Please log in to like, share and comment!