RBA also warns of ‘persistently’ lower productivity growth than previously expected as it reveals interest rate decisionFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank delivered a much-anticipated rate cut at its meeting on Tuesday and flagged the potential for two or three more, while warning of slow economic growth for the foreseeable future.The RBA’s monetary policy board voted unanimously to drop the official cash rate target to 3.6%, from 3.85%. Continue reading...
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