Australia's cautious easing on global risks

This is a Australia news story, published by Yahoo Finance, that relates primarily to the Reserve Bank of Australia board news.

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cautious easing

Reuters

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Business

Business & Economics

Australia central bank pondered outsized rate cut in May, decided to be predictable

Summary

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78% Informative

Australia 's central bank considered cutting interest rates by an outsized 50 basis points last month as "insurance" against global trade risks.

Minutes of its May 20 policy meeting, showed the Reserve Bank of Australia board also debated holding rates unchanged at 4.10% , but saw strong arguments both domestically and globally for a move to 3.85% .

Markets imply around a 70% chance the RBA will ease again at its next meeting on July 8 .

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formal

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English

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