RBA lowers interest rate to 4.10% as expected
The Reserve Bank of Australia (RBA) board members decided to lower the Official Cash Rate (OCR) by 25 basis points (bps) from 4.35% to 4.1% following the conclusion of its February policy meeting on Tuesday. The decision matched the market expectations. Summary of the RBA monetary policy statement Inflation and GDP have been softer than expected, … Read more