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Political Commentary

The RBA Cut Rates to 1%

#RBA #AusPOL #CashRate

The Reserve Bank of Australia Board has decided to cut the cash reserve interest rate to a record low 1%. While they hope “it will make further inroads into the spare capacity in the economy”, I cynically believe it will weaken consumer confidence even more.

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References

Statement By Philip Lowe, Governor: Monetary Policy Decision

https://www.rba.gov.au/media-releases/2019/mr-19-18.html