Australia succumbs to rates cut pressure
The Reserve Bank of Australia (RBA) chose to cut interest rates yesterday by quarter of a percentage point. Despite the domestic economy holding up, fears of the outside world—read Europe and China—causing havoc with trade were clearly too much of a concern.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts