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RBA cuts rates - first time since 2020.

  • clmortgagesolution
  • Feb 21
  • 1 min read

Updated: Jun 30


The 25-basis-point reduction to the official cash rate announced on Tuesday, was the first rate cut since 2020 and follows 13 consecutive hikes that pushed rates to their highest level since 2011. The decision to finally cut rates reflects easing inflation pressures and a cautious outlook on further rate reductions.
The 25-basis-point reduction to the official cash rate announced on Tuesday, was the first rate cut since 2020 and follows 13 consecutive hikes that pushed rates to their highest level since 2011. The decision to finally cut rates reflects easing inflation pressures and a cautious outlook on further rate reductions.


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