Australia Cuts Interest Rates to Lowest in Two Years Amid Global Economic Uncertainty
Australia’s central bank has slashed its key interest rate to its lowest level in two years, a move aimed at supporting the country’s slowing economy amid global uncertainty triggered by U.S. trade policies. On Tuesday, the Reserve Bank of Australia (RBA) announced a 25-basis-point reduction in the official cash rate, bringing it down to 3.85%….
