RBA cuts interest rates to historic low of 1.50% pa

August 2nd, 2016|

In its August meeting this afternoon the Reserve Bank of Australia has cut interest rates to a new historic low of 1.50% pa. Inflation, inflation, inflation…. or lack thereof appears to be the motive behind the decision. The Consumer Price Index (CPI) is currently hovering around 1% and is well short of the 2-3% band [...]