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RBA Cuts Official Interest Rate

RBA Cuts Official Interest Rate

Yesterday the Reserve Bank of Australia decided to cut the official interest rate to a record low of 1.75 percent. This is the first movement on the official interest rate since the last cut in May 2015, and some economists are predicting more cuts on the horizon!

To read more about the reasons for the cut and what this might mean for the economy, click here to view an article by Dr Andrew Wilson, economist from Domain.