RBA Cuts Interest Rate to Historic Low of 1.25 percent - June 2019 Update
  • In today’s monthly meeting, Reserve Bank of Australia (RBA) decides to cut interest rate by 25 basis to historic low of 1.25% after leaving the cash rate on hold at 1.50% for almost 3 years
  • In RBA’s statement, it stated that “today’s decision to lower the cash rate will help make further inroads into the spare capacity in the economy. It will assist with faster progress in reducing unemployment and achieve more assured progress towards the inflation target”
  • It is likely for RBA to have a second cut following today’s 25 basis cut, most likely in August
  • The Big 4 banks followed the RBA’s decision, with NAB and Commonwealth pass on the full 0.25% cut whilst ANZ and Westpac pass 0.18% and 0.20% cuts respectively
This interior 3D rendering image is produced by IL Visual for the architectural visualisation of Hutton townhouse. With day light setting it provides a vivid virtual reality of the interior living and dining areas for the property
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