Business
RBA opens door to November rate cut – The Australian Financial Review
The Reserve Bank of Australia has given its strongest signal yet that it will lower interest rates below its previously advertised ‘lower bound’, potentially as…
The central bank had previously indicated that 0.25 per cent was as far as it was prepared to cut the cash rate.
Dr Lowe said that “the bank’s policy package is working as expected and is underpinning very low borrowing costs and the supply of credit to households and businesses”.
On Tuesday, he underscored that the RBA is doing what it can to support Australian jobs, incomes and businesses, saying “the board views addressing the high rate of unemployment as an important national priority”.
T…
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