Australia's First Rate Cut In 4 Years: An Analysis
Sophia Angala, Economist, ANZ Research
19-Feb-25 07:30
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The Reserve Bank of Australia cut benchmark interest rates for the first time since November 2020, lowering the cash rate by 25 basis points to 4.1% as softening inflation allows room for easing policy. Sophia Angala, an economist, ANZ Research, shares her perspective on the decision and what can be expected in an uncertain 2025 for the global economy.
Image Credit: Shutterstock.com
Produced by: Aghilen Sankar, Aisalli Ayub
Presented by: Shazana Mokhtar, Wong Shou Ning, Keith Kam
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Categories: economy, politics, government, international
Tags: interest rate cuts, cash rate, rba, reserve bank of australia, inflation, australian economy,