Finance Minister Katy Gallagher says Australia’s interest rate is still lower than the United States, even after today’s rate cut.
So far, the FOMC has increased interest rates in 11 meetings since March 2022 to fight inflation, increasing the rate to 5.33% in July 2023.
Finance Minister Katy Gallagher says Australia’s interest rate is still lower than the United States, even after today’s rate cut.
So far, the FOMC has increased interest rates in 11 meetings since March 2022 to fight inflation, increasing the rate to 5.33% in July 2023.