Watch

Reserve Bank cuts interest rates for the first time in 4 years

Published
Homeowners across the country have been granted immediate relief on their mortgages. Within a single afternoon the Reserve Bank and the four big banks have cut interest rates. But there's a sting in the tail, with a warning that economic conditions remain volatile and any additional rate cuts this year are far from certain.
Tags
Finance
Politics
Share

Recommended for you

Four people stand on a stage. Two are wearing formal military attire and one blows a trumpet.
A split image. On the left are tradespeople on the roof of a home that is under construction. In the middle is Prime Minister Anthony Albanese, wearing a suit, tie and glasses, speaking while standing at a lectern. On the right is a woman opening her wallet in which there is $50, $20, and $10 notes.
Senator Jacqui Lambie at a press conference at Parliament House in Canberra
Composite image of Clive Palmer wearing a suit speaking, and Trumpet of Patriots texts on a phone screen
A stylised image of Peter Dutton with black-and-white photos of him alongside other leaders and workers in the background.
A crowd of people clapping, many holding up yellow signs that say 'Vote 1 Trumpet of Patriots'.
The Great Hall in Parliament House with a person walking through it.
Adam Bandt speaking into a microphone in a room with green lighting.