Australia Rejoins Global Disinflation Fight With Record Low Rate
- RBA cuts benchmark to 1.5 percent as inflation remains subdued
- Aussie currency, rates no longer envy of developed world
Reserve Bank of Australia Cuts Cash Rate to 1.5%
This article is for subscribers only.
How the mighty have fallen.
Australia’s record low interest-rate following Tuesday’s cut underscores the demise of its economic exceptionalism: swept up in a wave of global disinflation, policy makers had little choice but to step in line with international peers as a strengthening currency threatens to push prices lower still.