The bank’s governor also indicated it was prepared to cut rates again, saying there was a lot of room for the economy to improve and a 0.25-percentage-point rate cut was unlikely to do much to achieve that improvement.
Read more at the ABC.
Reserve Bank likely to cut interest rates again because ‘we could do better’ on creating jobs
The Reserve Bank says it cut interest rates earlier this month not because the economy was getting worse, but because it could get even better.
