RBA drops cash rates to record low

People walk past the Reserve Bank of Australia (RBA) in Sydney, Tuesday, April 6, 2016. The RBA is expected to leave interest rates on hold today. (AAP Image/Dean Lewins) NO ARCHIVING

Source: AAP

The Reserve Bank of Australia has driven its official cash rate below one per cent for the first time. It's the R-B-A's third cut since June and comes as the central bank battles to curb rising unemployment and stimulate a stalling economy.



Share
Follow SBS Vietnamese

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Vietnamese-speaking Australians.
Ease into the English language and Australian culture. We make learning English convenient, fun and practical.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service