The Latest Breaking News from Interest Rates

Reserve Bank of Australia cuts interest rates due to cooling inflation, balancing demand and supply. Unemployment remains low, but global uncertainties per...

The Reserve Bank cut official interest rates on Tuesday, the first decrease in four years, saying inflationary pressures are easing “a little more quickly than expected”.

The ASX200 has finished 0.7 per cent lower, extending its losses after the Reserve Bank cut rates while cautioning it might not do so again anytime soon.

Gold is defying expectations, soaring to record highs despite rising interest rates and a strong dollar—two factors that should traditionally hold it back. Gold doesn't generate income, unlike other assets, making it less appealing when bonds and cash offer attractive yields. Yet, its resilience sends a powerful message in today's…