RBA cuts rates for first time since Nov 2020

(Image: Getty)

Tue, 18 Feb 2025

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...

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