RBA Announces First Rate Cut Since 2020: What It Means for You
The Reserve Bank of Australia (RBA) announced a reduction in the cash rate from 4.35% to 4.10%. This marks the first rate cut since 2020! The move was widely anticipated, as annual inflation dropped from 3.6% in the September 2024 quarter to 3.2% in December, bringing it closer to the RBA’s target range of 2-3%.…
