RBA ready to cut rates below record-low 1% – minutes


The Reserve Bank of Australia is willing to reduce interest rates below their current record-low level in order to boost growth and achieve the inflation target.

After implementing two consecutive 25-basis point rate cuts in June and July, which took the cash rate down to a new record-low 1%, the RBA’s board kept rates unchanged on August 6.

Rate-setters thought it “appropriate to assess developments in the global and domestic economies before considering further change to the setting 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: