Australia’s Q1 Economic Growth Slows to 0.2%, Misses Forecasts
Australia’s Q1 2025 GDP growth slowed to 0.2%, below forecasts, as household spending and exports weakened, impacting regional economic dynamics.
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Reserve Bank of Australia Slashes Cash Rate to 4.1%
The Reserve Bank of Australia has reduced the cash rate by 25 basis points to 4.1%, marking its first rate cut since November 2020. The central bank remains cautious on future policy easing due to ongoing upside risks.