RBA lowers cash rate to historic low of 1.75%

03 May 2016

 

A negative March quarter Consumer price index print of -0.2% (vs exp +0.2%) has led to the Reserve Bank cutting the cash rate by 25bps to 1.75% at its board meeting today. The rate is a historic low in Australia and demonstrates the RBA is concerned about deflation and its effect on jobs. GDP growth has been reasonably strong and the recent unemployment rate moved down to 5.7% but inflation...

read full story