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Reserve Bank cuts official interest rate

SBS Vietnamese

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Ngân hàng Dự trữ Úc châu
Ngân hàng Dự trữ Úc châu Source: AAP

The Reserve Bank has cut official interest rates to a record low of one-and-a-half per cent.

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By Peggy Giakoumelos, Ricardo Gonçalves

Source: SBS

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The Reserve Bank has cut official interest rates to a record low of one-and-a-half per cent.

The bank decided to cut the cash rate in a reflection of concerns about inflation and economic growth.

But not all banks are likely to pass on the full cut.

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