Interest rates cut by 0.25 percentage points to 3.85 per cent | ABC NEWS
The Reserve Bank has cut interest rates by 0.25 percentage points, to 3.85 per cent.
The RBA Board’s decision to cut the cash rate target from 4.1 per cent to 3.85 per cent means this is the lowest level for interest rates since May 2023. Chief economist at EY Oceania, Cherelle Murphy looks at what this means for Australians and the economy.
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