Reserve Bank of Australia Cuts Interest Rates

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Source: Dukascopy Bank SA
The Reserve Bank of Australia (RBA) has reduced its interest rate by 0.25% to 4.10%, marking its first rate cut since November 2020. This decision comes as inflation slows down, giving the RBA room to ease its policy. While the RBA is taking action to support the economy, it remains cautious. The central bank plans to keep future rate cuts gradual, ensuring inflation stays under control.



The RBA had kept rates steady at 4.35% since November 2023 after a series of 13 rate hikes aimed at controlling inflation. Inflation in Australia dropped to 2.4% for the 12 months ending in December, within the RBA's target range of 2-3%. The RBA will continue monitoring the economy closely as it seeks to balance growth and inflation control.
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