The Reserve Bank of Australia cut rates by 25 basis points to a historic low of 1.25 per cent, as the pace of growth slowed to levels not seen since the global financial crisis. Photo: Bloomberg

Australia cuts borrowing rates to historic low as economy slows

  • The Reserve Bank of Australia cut rates by 25 basis points to a historic low of 1.25 per cent as the pace of growth slowed to levels not seen since the global financial crisis
  • Rising unemployment, low wages, a housing slump and below-target inflation are stoking fears about the health of the economy in Australia
Topic |   Central Banks

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The Reserve Bank of Australia cut rates by 25 basis points to a historic low of 1.25 per cent, as the pace of growth slowed to levels not seen since the global financial crisis. Photo: Bloomberg
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Yi Huiman is the chairman of the China Securities Regulatory Commission. Photo: Simon Song

US-China trade war impact on stock market is ‘controllable’, insists China’s securities watchdog chief

  • Yi Huiman, the chairman of the China Securities Regulatory Commission, attempts to ease fears after latest tariffs escalation by US President Donald Trump
  • Benchmark Shanghai composite stock index lost nearly 6 per cent in May
Topic |   China economy

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Yi Huiman is the chairman of the China Securities Regulatory Commission. Photo: Simon Song
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