Australia's 3rd Largest Economy

Macquarie Bank interest rate report – RBA cuts rates to 1.25%

11-Jun-2019 16:08 | Lisa Docherty (Administrator)

In May, the RBA board discussed a scenario in which there was no further improvement in the labour market and the unemployment rate remained around the 5% mark. In this scenario, they judged that inflation was likely to remain low relative to the target of 2-3% and that a decrease in the cash rate would likely be appropriate. The RBA has now delivered, by cutting the official cash rate by 0.25% to 1.25%, the first move in rates since August 2016.

Click here to listen to Martin Lakos, Division Director of Macquarie Wealth Management discuss the recent rate cut.


Macquarie has been providing Business Banking solutions for over 30 years and provides SME clients with tools and strategies to grow and develop their business. You can get regular updates by subscribing to the monthly newsletter, Strictly Business by visiting macquarie.com.au/businessbanking. If you would like to find out more about how Macquarie can support you to take your business further, call Sam McCarthy at our Parramatta office on 0417 518 724 and be connected with one of our banking specialists.

This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (“Macquarie”) for general information purposes only. This information does not constitute advice. Opinions expressed are subject to change without notice. No member of Macquarie accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this information.


Powered by Wild Apricot Membership Software