RBA July minutes: go early, go hard

16 July 2019

 

The RBA cut the official cash rate by 25bps for a second time this year at its July board meeting, taking the cash rate target down to 1.00%. It has not been lower in the 60-year history of the Reserve Bank.  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...

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