RBA cuts rates to 1.75% ahead of federal budget
- Written by The Conversation Contributor
The Reserve Bank of Australia has cut Australia’s cash rate by 25 basis points to a record low of 1.75%, citing concerns around weak inflation.
The decision comes as Treasurer Scott Morrison prepares to unveil his first federal budget, and with a July 2 election due to be called at the end of the week. Following the decision the Australian...