RBA cuts rates to record low


The Reserve Bank of Australia (RBA) today cut its headline interest rate to a record low, as the economy continued to show a slow adjustment away from the mining sector.

The Reserve Bank board chose to lower the rate by 25 basis points to 2.75%, passing a previous low of 3% that was first hit in April 2009. In a statement following the decision, governor Glenn Stevens said resource investment, notably in Australia's booming mining sector, was likely to peak later this year, leaving "scope for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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 individual account