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Recent cut in interest rates by the RBA

The RBA came together once again on the first Tuesday of the month this week, to announce that they are cutting the cash rate to 0.75%. However, The RBA’s governor, Philip Lowe went further by saying that the RBA are prepared to make further cuts to support economic growth. With reserve bank rates hitting ultimate lows, we are nearing something that was once inconceivable, a cash rate below zero. To discuss about the recent decrease and the upcoming future, we were joined by Stefan Trueck from Macquarie University.

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