RBA saw no effect from June, July cuts
By Loren Webb · 16 October 2019 · News
By Loren Webb · 16 October 2019 · News
The Reserve Bank's surprise cash rate cut may not be the last. As the economy teeters, will the RBA's bold move pay off or spark a new crisis?
The RBA cut the cash rate to 0.75 per cent after board members failed to see any stimulatory effects from government tax cuts and its two previous reductions. The Reserve Bank's decision to cut the cash rate to a fresh record low 0.75 per cent this month came after it failed to see stimulatory effects […]