RBA interest rates announcement: Reserve Bank cuts official cash rate to 3.85%

Decision to reduce rate by 25 basis points suggests Australia’s central bankers believe inflation is being tamedAustralia news live: latest politics updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has cut the cash rate by a quarter point to 3.85%, easing pressure on mortgage holders grappling with high living costs and elevated interest repayments.Economists view the RBA decision as a sign that Australia’s central bankers believe inflation is being tamed and that there is no longer a need for a borrowing rate over 4% to constrain households. Continue reading...

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Trump to visit Capitol to build House GOP support for bill integral to his agenda

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