Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

Australia’s central bank has reduced its benchmark interest by a quarter percentage point for a second time this year to 3.85% after inflation fell within a target range.

The Reserve Bank of Australia (RBA) has conceded reality that interest rates are too high for Australia’s economy. Many consumers have struggled with the burden of the ‘cost of living’ crisis. The daily reminders are the expensive visits to the supermarkets and the extra-ordinary costs of housing whether you have a mortgage or are a renter.