RBA cuts rates to three-year low

glenn-stevens2

The Board of the Reserve Bank of Australia (RBA) today (December 4), voted to cut benchmark interest rates 25 basis points to 3%, the lowest level since September 2009, when Australia was just emerging from the global financial crisis.

Glenn Stevens, governor of the RBA, identified a number of reasons for the decision. "There are signs of easier conditions starting to have some of the expected effects, though the exchange rate remains higher than might have been expected," he said.

The governor

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: