Australia Lowers Interest Rates Amid Economic Uncertainty
TL;DR Summary
Australia's central bank cut interest rates to 3.6%, the lowest since April 2023, while downgrading its economic growth forecast to 1.7% for the year, citing subdued demand and inflation easing, but remains cautious about potential further tightening to control inflation amid global trade uncertainties.
- Australia cuts interest rates to more than 2-year lows, downgrades GDP forecast on trade uncertainty CNBC
- Australia’s central bank cuts interest rate for third time this year to 3.6% The Hill
- Australia news live: relief for borrowers as RBA cuts official cash rate to 3.6% The Guardian
- Fed governor maintains outlook for three interest cuts in 2025 Fox Business
- Australia's central bank cuts rates, still cautious about outlook Reuters
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