SYDNEY -- The Reserve Bank of Australia delivered a widely expected interest rate cut on Tuesday, trimming the cash rate from 3.85% to 3.60%, as inflation continued to ease alongside tepid growth.
Markets
Australia's central bank cuts interest rate on low inflation
RBA lowers growth projection, predicting 1.7% for this year followed by 2.1% in 2026
The Reserve Bank of Australia trimmed its cash rate on Tuesday as expected. © Reuters
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