RBA cuts Australia's 'official cash rate' to 3.6 pct.

During Covid is was 'emergency reduced' to 0.01 pct, then got amped back up quite rapidly in 2022/23 to be 4.35 pct in Nov 2023. There have been three 0.25 pct reductions since then including today's one, and with luck at least one more reduction this year.

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whowasthatmaskedman · 70-79, M

The original rate lift was to squash inflation before it got a hold. I suspect the RBA is keeping its powder dry against a coming speed bump caused by our American friends.. But that will be temporary..😷

zonavar68 · 56-60, M

@whowasthatmaskedman Very artificial inflation at that. Directly caused by all the funds borrowed internationally to 'pay' for 'covid response' which will be getting repaid over the next 50 or so years.

whowasthatmaskedman · 70-79, M

@zonavar68 True. But a lot of people kept body and soul together on that money. Lets call it Humanitarian aid....😷