Roundup: Australian central bank cuts interest rate to two-year low

NAMPA / Xinhua

2025-05-20

SYDNEY, May 20 (Xinhua) -- Australia's central bank on Tuesday cut its official cash rate by 25 basis points to 3.85 percent, the lowest level in two years. The monetary policy board of the Reserve Bank of Australia (RBA) said in a statement that it made the decision at its meeting in Sydney on Tuesday, adding that maintaining low and stable inflation is the priority. It is the second time in 2025 that the RBA has lowered interest rates fol......

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