Australia's Reserve Bank has cut its official cash rate 25 basis points, to 3.6 percent. 

It's the lowest it's been since April 2023. 

Australian correspondent Murray Olds says conditions were right for a cut - and he explained inflation appeared to be under control and unemployment is rising. 

New Zealand's own Reserve Bank will make its next OCR decision, on Wednesday next week. 

LISTEN ABOVE

Australia's Reserve Bank has cut its official cash rate 25 basis points, to 3.6 percent.&nbsp;
It's the lowest it's been since April 2023.&nbsp;
Australian correspondent Murray Olds says conditions were right for a cut - and he explained inflation appeared to be under control and unemployment is rising.&nbsp;
New Zealand's own Reserve Bank will make its next OCR decision, on Wednesday next week.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Murray Olds: Australian correspondent on the RBA cutting the OCR to 3.6 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/771daca8-c226-43ed-a67c-b337005431c1/transcript