ASX Stocks Surge After Rate Cut by RBA

Team Veye | 21-May-2025

Australian market climbed after RBA's 0.25 percentage point cut, announced on Tuesday afternoon. ASX 200 and All Ordinaries indexes, both maintained the momentum.

Although markets had almost discounted the quarter of a percentage point cut to 3.85 per cent in May, the more than expected dovish statement by the board after the meeting came as a shot in the arm to boost investor sentiment.

Reserve Bank's decision to lower interest rates to a two-year low was announced while...

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