UNSW Finance Professor Max Tani tells SBS Italian what this back-to-backcut means for the Australian economy.
Official interest rate hits all-time low
The Reserve Bank of Australia building in Sydney, Tuesday, June 4, 2019. Source: AAP
The Reserve Bank has slashed the official cash rate to 1 per cent. It' s a record low - and the first back-to-back cut since 2012.
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