February 18, 2025 at 03:45AM
The Reserve Bank of Australia has finally joined its global peer central banks in cutting rates. Well, once. It’s a start:
RBA CUTS by 25bp, as widely expected (to 4.1%, from 4.35% previously)
Check out that post for the details. It’s a ‘hawkish’ cut to the extent that its not indicating a rapid cutting cycle ahead. Not at all.
AUD/USD update:
This article was written by Eamonn Sheridan at www.forexlive.com.
AUD/USD chopped higher on the as expected RBA rate cut announcement