October 1, 2019 / 4:44 AM / 19 days ago

Australia's central bank cuts cash rate to record low 0.75%

FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo

SYDNEY (Reuters) - Australia’s central bank cut its cash rate a quarter point to a record low of 0.75% on Tuesday, a largely expected decision as policymakers try to spur economic growth and drive unemployment lower.

The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 35 analysts had found 25 expected a quarter-point easing this week, following a cut to 1% in July.

Reporting by Swati Pandey; Editing by Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below