
Reserve Bank cuts cash rate to 3.85%
Mortgages and some cost-of-living expenses are set to ease slightly, after a long-awaited interest rate cut. “At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent,” an RBA statement reads. The RBA decision today was based on moderating Inflation and an uncertain economic outlook. “The Board judged […]