Reserve Bank cuts interest rates for the first time in 4 years
Published
Homeowners across the country have been granted immediate relief on their mortgages. Within a single afternoon the Reserve Bank and the four big banks have cut interest rates. But there's a sting in the tail, with a warning that economic conditions remain volatile and any additional rate cuts this year are far from certain.
Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.