Why the RBA decided to cut interest rates

By Boh Burima
Updated June 10 2019 - 11:31am, first published 11:04am
Boh Burima
Boh Burima

Last quarter's inflation print fell well short of the RBA's target range of 2-3 per cent underlying inflation. And despite a healthy labour market, the unemployment rate (5.2pc in April) sits above where the RBA believes it has the potential to create inflation concerns. A 25bps cut to the official cash rate was seen as appropriate under these circumstances.

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