Reserve Bank of Australia cuts rates by 25 basis points
Posted
@ Feb 19th 2025 9:47am
- By GCPN Admin
Reserve Bank of Australia cuts rates by 25 basis points
The Reserve Bank of Australia (RBA) board has decreased the cash rate by 0.25% to 4.1%. The RBA has reduced the cash rate from a thirteen-year high of 4.35% to 4.1%. With annualised 6-month core inflation around the middle of the RBA’s 2-3% target range, the easing in cost-of-living pressures was a key factor behind the RBA’s decision to cut rates.
It is a relief for mortgage borrowers and holders after the central banks 13 rate rises between May 2022 and November 2023, before leaving the cash rate on hold for more than a year.