Australian central bank cuts rates for first time since 2020

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MELBOURNE Australia 's central bank cut its key interest rate on Tuesday for the first time in more than four years, but warned global turmoil could derail further easing. The Reserve Bank of Australia cut the cash rate by 0.25 percentage points to 4.10 percent, the first time it has been lowered since November 2020. It said inflation had "fallen substantially since the peak in 2022", but that it "remains cautious" about the prospect of further reductions in the future. Notably, the bank

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Australian central bank cuts rates for first time since 2020 https://www.hurriyetdailynews.com/ - 18.02.2025 09:49

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Australian central bank cuts rates for first time since 2020 https://www.hurriyetdailynews.com/ - 18.02.2025 09:49