RBA trims cash rate to new record low 0.10%

RBA trims cash rate to new record low 0.10%

by | Nov 3, 2020 | Interest Rates

If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. RBA Governor Philip Lowe says the cash rate cut...