The Reserve Bank of Australia cut its cashrate by 25 basis points to 1% today, a repeat of its decision on 4 June.
The Reserve Bank reduced the official cashrate by 25 basis points to 1.5% today.
The Reserve Bank kept the official cashrate at 1.75% today, and governor Adrian Orr projected that it would stay at that level into 2020.
Researchers at the Reserve Bank of Australia have discovered that averaging doesn’t present a real picture.
ASB Bank’s economists have forecast rises in interest rates toward the end of this year, ahead of an increase in the official cashrate (OCR) in early 2019.
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