RBA cuts rates for first time since Nov 2020

RBA cuts rates for first time since Nov 2020
(Image: Getty)
AFP
Sydney – Australia's central bank cut its key interest rate Tuesday for the first time in more than four years, but warned global turmoil could derail further easing.The Reserve Bank of Australia (RBA) cut the cash rate by 0.25 percentage points to 4.10%, 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 pointed to the prospect of "sign...

More World

Trump plans 25% tariff on imported vehicles
Cars

Trump plans 25% tariff on imported vehicles

The president leaves little room for exemptions during Oval Office remarks.

Australia unveils tax cuts in pre-election budget
World

Australia unveils tax cuts in pre-election budget

Jim Chalmers said Australia would fortify its economy against damaging US tariffs.

AFP 26 Mar 2025
US agrees to help Russia boost exports
World

US agrees to help Russia boost exports

Moscow demanded the easing of Western sanctions in return for a cease-fire.

US tariffs will ‘squeeze, not choke, growth’
Economy

US tariffs will ‘squeeze, not choke, growth’

Uncertainty and weak domestic demand delay NZ’s recovery

Rebecca Howard 26 Mar 2025