RBA's Interest Rate Cut: Kangaroo Economy Bounces Lower
Key Points
- The RBA cuts interest rates to 4.1% for the first time since...
Just as Australians were getting used to their sky-high mortgage payments, the Reserve Bank of Australia (RBA) decided to shake things up by cutting interest rates to 4.1% - their first rate reduction since early 2021. Talk about a plot twist in the Down Under financial soap... er, saga!
G'day Lower Rates, Mate!
The RBA's move follows inflation's impressive nosedive from a whopping 7.8% peak in late 2022 to a more digestible 2.4% by Q4 2024. However, RBA Governor Michele Bullock isn't ready to throw a celebratory barbie just yet, maintaining a cautious "let's see what the data says" approa...
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