The RBA has cut rates for the third time this year. More relief may be on the way
- Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney
The Reserve Bank of Australia lowered the official interest rate by 25 basis points to 3.60% at its meeting today, marking the third cut this year. The move follows reductions in February and May, and comes after a pause in July that surprised analysts and upset mortgage holders.
The Reserve Bank cut its outlook for economic growth, and said...
