Reserve Bank cuts interest rates to historic low of 1.25 per cent

The Reserve Bank of Australia has lowered its interest rate by 0.25 percentage points to an historic low of 1 per cent on 2 July 2019, aimed at supporting the economy and lowering unemployment rate in the country. This is also the first consecutive rate cut introduced by the bank since 2012.

The RBA is tipped to move rates for the first time since August 2016, with the market already pricing in a new record low of 1.25 per cent. And it could be just the start, with most economists and the futures market expecting one more cut before the end of 2019.

The Reserve Bank of New zealand shocked traders with a larger-than-expected 50 basis point cut in the cash rate. Australia’s 10-year bond rate breached the 1 per cent level for the first time in.

The Reserve Bank of Australia today cut interest rates to a fresh record low 1.25 per cent, after an extended pause going back almost three years. Visit CommSec’s Market News hub: https://www.

The Reserve Bank of Australia has cut the cash rate to a new record low 1.25 per cent.

Cash Rate. Monetary policy decisions are expressed in terms of a target for the cash rate, which is the overnight money market interest rate. A media release is issued at 2.30 pm after each Reserve Bank Board meeting, with any change in the cash rate target taking effect the following day.

In an historic move, the Reserve Bank has cut the cash rate by 25 basis points to a record low of 1.25 per cent.

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All eyes on Reserve Bank ahead of cash rate decision The RBA could cut the official cash rate to a new record low of 1.25 per cent today – and the decision is looking like a coin toss. Frank.

The Reserve Bank has cut rates to a new record low of 1.25 per cent after 32 consecutive months on hold, signalling good news for mortgage holders.

The Reserve Bank of Australia has cut official interest rates to a new record low of 1.25 per cent, as it looks to turn around sluggish employment, wages and inflation. The official rate cut, just.

On the eve of a historic RBA decision to cut rates to 1.25 per cent from 1.5 per cent – bringing the longest run of unchanged interest rates in the bank’s history to an end – Mr Frydenberg told.