Rate cuts harden after RBA minutes, Lowe speech

21 May 2019

 

The RBA held the official cash rate steady at its board meeting in May, as it had for every meeting since the cash rate was reduced to 1.50% in August 2016. Statements from RBA officials through 2018 had indicated the next move was “more likely to be an increase” until February of this year. The RBA then changed its tune and stated “the probabilities around these scenarios were now more...

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