RBA drops rates to record low
By Guillermo Troncoso · 5 May 2015 · Economy
By Guillermo Troncoso · 5 May 2015 · Economy
The Reserve Bank of Australia has made a surprise move, cutting interest rates to a record low just days before the Federal Budget. What does this mean for your finances and the economy?
The Reserve Bank of Australia has today cut the cash rate by 25 basis points to 2.0 per cent, a record low that comes one week away from this year’s delivery of the Federal Budget.