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SYDNEY, July 2, 2019 (Xinhua) -- Pedestrians walk past the Reserve Bank of Australia, the country's central bank, in Sydney, Australia, July 2, 2019. For the first time since 2012, Australia's central bank has made back-to-back rate cuts, to set a new record low cash rate of just 1.0 percent. The Reserve Bank of Australia (RBA) Governor Philip Lowe said on Tuesday, the decision was made to stimulate economic growth and "provide greater confidence that inflation will be consistent with the medium-term target." (Xinhua/Bai Xuefei/IANS)

Impact of US tariffs on Australian economy to remain ‘relatively small’

February 21, 2025

Canberra, Feb 21 : Australia is less vulnerable than other countries to the impact of US tariffs, the country’s Central Bank has said. Reserve Bank of Australia (RBA) Assistant Governor and Chief Economist Sarah Hunter said on Friday that US President Donald Trump’s 25 per cent tariffs on all steel and aluminum imports will have…

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Impact of US tariffs on Australian economy to remain ‘relatively small’

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