You are here

RBA signals further easing after leaving benchmark unchanged

Traders are pricing in 2 more quarter percentage point cuts in the next 12 months


THE Reserve Bank of Australia (RBA) said further interest-rate cuts could be needed to bolster growth after it unexpectedly left its benchmark unchanged. The currency gained.

"Further easing of policy may be appropriate over the period ahead, in order to foster sustainable...

BT is now on Telegram!

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