
RBA cuts rates 0.25% to 3.60% - ASX hits record 8,880 high
Key Points
- The RBA cut rates by 25 basis points to 3.60%, prompting the...
The Reserve Bank of Australia just handed out a 25 basis point rate cut like it's dispensing financial candy, dropping rates to 3.60%. The ASX 200 responded by throwing a party and hitting an all-time high of 8,880.20 - because apparently nothing says "economic caution" quite like reaching record market levels.
When Central Banks Play Cupid
The RBA's move wasn't exactly shocking. With inflation finally behaving itself and trending toward that sweet spot of 2-3%, the central bank decided to give the economy a little nudge. Think of it as financial matchmaking - they're trying to set up bo...
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