Cash rate cut to all-time low of 1.5 per cent
After the Reserve Bank cut interest rates this week by a further 25 basis points, the cash rate now stands at an all-time low of 1.5 per cent.
Despite this, the Australian dollar appreciated and there was little change in the stock market in response.
Even the major Banks decided not to pass the full amount on, to the chagrin of Prime Minister Malcolm Turnbull.
Story features: Warwick McKibbon, Professor and Director, ANU Centre for Applied Macroeconomic Analysis in the Crawford School of Public Policy at the Australian National University
Image: ‘Down Arrow’ by TheTruthAbout on Flickr