The Reserve Bank of Australia has driven its official cash rate below one per cent for the first time. It's the RBA's third cut since June and comes as the central bank battles to curb rising unemployment and stimulate a stalling economy.
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RBA drops cash rates to record low
The R-B-A hasn't ruled out further cuts. Source: AAP
The Reserve Bank of Australia has driven its official cash rate below one per cent for the first time. It's the RBA's third cut since June and comes as the central bank battles to curb rising unemployment and stimulate a stalling economy.
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By Lydia Feng, Evan Young
Presented by Maridel Martinez
Source: SBS
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