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Australia Lowers Interest Rates Amid Economic Uncertainty

1 min read
Source: CNBC
Australia Lowers Interest Rates Amid Economic Uncertainty
Photo: CNBC
TL;DR

Australia's central bank cut interest rates to 3.6%, the lowest since April 2023, while downgrading its economic growth forecast to 1.7% for the year, citing subdued demand and inflation easing, but remains cautious about potential further tightening to control inflation amid global trade uncertainties.

Topics:businesseconomy#australia#economic-growth#economy#inflation#interest-rates#rba
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  1. Australia cuts interest rates to more than 2-year lows, downgrades GDP forecast on trade uncertainty  CNBC
  2. Australia’s central bank cuts interest rate for third time this year to 3.6%  The Hill
  3. Australia news live: relief for borrowers as RBA cuts official cash rate to 3.6%  The Guardian
  4. Fed governor maintains outlook for three interest cuts in 2025  Fox Business
  5. Australia's central bank cuts rates, still cautious about outlook  Reuters

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