Australia's Central Bank Cut Rate to Boost Inflation, Growth

Updated on
  • Still ‘considerable uncertainty’ about jobs, CPI pressures
  • Strong growth potential could be assisted by lower rates: RBA

QIC's Peter: Australia Is Undergoing a Massive Transition

Australia’s central bank said inflation would remain low and the economy could grow faster, while house-price concerns had cooled, in explaining its decision to cut interest rates for the second time in four months.

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