Reserve Bank of Australia governor Philip Lowe. Photo: EPA

Australia’s central bank cuts borrowing rate to record-low 1 per cent as economy slows

  • Announcement of a second cut in consecutive months followed Reserve Bank of Australia’s monthly policy meeting
  • Reuters poll of 40 analysts had found 28 expected easing by a quarter of a point this week following a cut to 1.25 per cent in June
Topic |   Central Banks

TOP PICKS

Reserve Bank of Australia governor Philip Lowe. Photo: EPA
READ FULL ARTICLE