Australia's central bank cut rates to a record low of 1.25%

For the first time in almost 3 years, the base interest rate was reduced by the Reserve Bank of Australia by 0.25 percentage points to 1.25% per annum, which is a record low. This decision of the Australian regulator was aimed at stimulating employment growth. It also, in its opinion, is a guarantee of maintaining inflation at the medium-term target level. Some analysts predict that the Central Bank of Australia may reduce the base rate to 0.5% by mid-2020. The regulator expects inflation to accelerate in the near future, despite the low inflationary pressure on the economy. The Central Bank also notes the likelihood of a slowdown in the global economy amid heightened risks associated with the intensification of trade wars.

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