Australia Cuts Interest Rates
This is a news story, published by CNBC, that relates primarily to RBA news.
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benchmark interest ratesCNBC
•Business
Business & Economics
Australia's central bank cuts interest rate for the first time in more than four years
89% Informative
The RBA cut rates by 25 basis points to 4.10% on Tuesday .
It is the first easing since November 2020 , when the central bank cut its key rate to a record low.
The central bank had held its policy rate steady at 4.35% since November 2023 .
The Tuesday decision was in line with market expectations.
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