Tag Archives: interest rate

Reserve Bank cuts interest rates to a record low

By: Rachel Clayton and Rachel Pupazzoni The Reserve Bank cut interest rates to a record low of 0.1 per cent on Tuesday. The cut to 0.1 per cent is down from the previous record low of 0.25 per cent, which was announced earlier this year. Alongside the drop in the official cash rate, the RBA lowered its three-year bond rate target to 0.1 ...

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