The Central Bank of Australia reduces the interest rate for the first time in more than four years

The Australian Reserve Bank reduced reference interest rates for the first time in more than four years, joining the ranges with other important global central banks, since softening inflation allows space to facilitate policy.

The RBA reduced the rates at 25 basic points to 4.10%. This marked the first decrease in RBA from November 2020, when the Central Bank reduced its key rate to a low record, while fighting against an economy decelerated during pandemic.

The Central Bank had maintained its stable policy rate at 4.35% since November 2023, after a prolonged period of 13 rates increases to tame inflation at home.

Tuesday’s decision was in line with market expectations, with government bonds that joined in recent weeks about the anticipation of an interest rate cut. Australian 10 -year -old government bonds fell almost 20 basic points from January 13 to 4,450% on Tuesday, according to LSE data.

The RBA has been left behind the main global central banks that began a flexibility cycle at the end of last year.

At its last policy meeting in December, the Central Bank He said it was safer that Inflation was decreasing And that could allow him to relieve politics at some point.

Australian inflation during the 12 months Until December quarter it relieved 2.4%Compared to 2.8% in the trimester of 12 months until September, it showed the data of the Australian statistics office.

The RBA has set its medium -term inflation target between 2% and 3%. On the quarter, the consumer price index increased 0.2% in the quarter that ended in Decembersofter than prognosis 0.3%.

These are last -minute news. Consult later to obtain updates.