Economics
RBA Says Further Rate Cut ‘More Likely Than Not’ in Period Ahead
- Lower rates not ‘only policy option’ to help cut unemployment
- Central bank comments in minutes of June 4 policy meeting
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Australia’s central bank is likely to lower interest rates again to drive increased hiring and boost households’ confidence that inflation will return to target.
The Reserve Bank made the comment in minutes of its June 4 policy meeting, when it eased the cash rate to 1.25% in the first reduction in almost three years. The report was released in Sydney Tuesday.