Weak domestic growth sees RBA cut interest rates, again
By Lorna Brett · 5 June 2012 · Economy
By Lorna Brett · 5 June 2012 · Economy
The Reserve Bank of Australia has just cut interest rates for the second time this year, but what's driving this move and how will it impact your finances? Find out the full story behind the latest economic shift.
The Reserve Bank of Australia (RBA) has cut the official cash rate by .25 basis points to 3.5 percent in its meeting today, citing a slowdown in growth as a key driver behind its decision.
Tags: Australian economic policy, Australian Economy, Australian monetary policy, official Australian cash rate, Official Australian interest rate, official monetary policy, Rba, RBA cuts interest rates