Reported 3 months ago
Australia's central bank has reduced interest rates to a two-year low of 3.85% amidst a backdrop of declining inflation and growing global trade risks. The Reserve Bank of Australia (RBA) expressed openness to further easing measures, having noted shifting economic conditions influenced by global trade tensions, particularly the U.S.-China tariff disputes. Despite a mixed domestic economic outlook, RBA Governor Michele Bullock indicated a cautious approach in navigating future rate adjustments, with market expectations suggesting additional cuts could occur in the coming months.
Source: YAHOO