Australian central bank cuts key rate, warns of uncertainty

Cătălin Roșioru

SYDNEY Australia 's central bank cut its key interest rate to its lowest in two years on Tuesday, but warned global challenges continue to cause uncertainty. The Reserve Bank of Australia cut the cash rate by 25 basis points to 3.60 percent, citing steady progress in bringing inflation down. "Uncertainty in the world economy remains elevated," the bank's monetary policy board said in a statement. "There is a little more clarity on the scope and scale of U.S. tariffs and policy responses in

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Australian central bank cuts key rate, warns of uncertainty https://www.hurriyetdailynews.com/ - 10:04

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Australian central bank cuts key rate, warns of uncertainty https://www.hurriyetdailynews.com/ - 10:04