The country's benchmark rates are now at to 3.6%, their lowest since April 2023. The RBA had downgraded its full year GDP forecasts for 2025 to 1.7% from 2.1% Falling inflation had led to the rate cut ...

The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, finally joining ranks with other major global central banks, as softening inflation allows ...

SYDNEY, Dec 3 (Reuters) - Australia's economy grew at the fastest annual pace in two years in the September quarter, fuelled by business, government and consumer spending as markets wagered the next ...

SYDNEY, Aug 19 (Reuters) - A measure of Australian consumer sentiment improved sharply in August as the third cut in interest rates this year bolstered the outlook for finances and the economy, a ...

MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage point for a third time this year to 3.6%, with inflation tamed and economic ...