Australia’s Central Bank Cuts Rates, Points to Risks From Tariffs and Geopolitics
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The Reserve Bank of Australia lowered its benchmark cash rate by 0.25 percentage point to 3.85%. Government-bond yields dropped and the Australian dollar weakened. “While recent announcements on tariffs have resulted in a rebound in financial market prices, there is still considerable uncertainty about the final scope of the tariffs and policy responses in other countries,” the RBA said.
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