Rate Cut Brings Rapid Relief but RBA’s Statement Contains Sting in the Tail

'Helps a little': Illawarra residents are still cutting back despite rate cut relief

Illawarra residents curb spending despite a 25 basis point interest rate cut by the Reserve Bank of Australia due to cost-of-living concerns.

Rate cut brings rapid relief but RBA’s statement contains sting in the tail

The Reserve Bank was keen to talk up its rate cut, but it has drawn attention to a problem that is hanging around the economy like mouldy bread.