RBA June minutes: more rate cuts to come

18 June 2019

 

The RBA cut the official cash rate by 25bps at its board meeting in June, the first such change since August 2016. Statements from RBA officials through 2018 had indicated at the time the Bank’s next move was “more likely to be an increase”. Around February of this year, the RBA then changed its tune and stated “the probabilities around these scenarios were now more evenly balanced than they had...

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