You are here

Australia cuts rates to record low to counter disinflation, spur jobs


AUSTRALIA'S central bank cut interest rates to a fresh record low as it moves to counter disinflation and support a labour market hampered by high levels of part-time work and underemployment.

Reserve Bank of Australia (RBA) governor Glenn Stevens and his board lowered the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to