Rate cuts support Australia’s economy – RBA assistant governor

Christopher Kent
RBA

The Reserve Bank of Australia’s unprecedentedly low policy rates are supporting the economy, assistant governor Christopher Kent said in a speech today (August 13).

In July, the central bank reduced its cash rate by 25 basis points to a record low of 1% – the second successive month in which it cut rates to a new low. The RBA had not made two consecutive cuts since 2012.

Official data show Australia’s year-on-year GDP growth fell to 1.8% in March this year – its lowest rate since the height of

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 individual account here: