Australia cuts interest rates for first time in over four years amid global uncertainty

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SYDNEY, Feb 18 — Australia’s central bank cut its key interest rate Tuesday for the first time in more than four years,...

Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBA.

It said inflation had “fallen substantially since the peak in 2022”, but that it “remains cautious” about the prospect of further reductions in the future.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaUkraine

Topics: Australia Royal bank of australia Interest rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 13:40:57 (3 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 15 lines

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Copyright Owner: © Malay Mail

News ID: 26243536

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