The Reserve Bank has cut the official interest rate to an historic low.
The RBA has trimmed the cash rate by 0.25 of a percentage point at its monthly board meeting earlier today, down to two per cent.
The federal government has supported the move, saying it'll be welcome news for households and businesses.
Darren Mara spoke with Dr Mark Melatos, senior lecturer at the School of Economics at the University of Sydney.
(Click on the audio tab above to hear the full interview)
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