RBA minutes show larger rate cut was considered in May | ABC News

Minutes from the Reserve Bank's May meeting have provided some more insight into why the central bank cut interest rates by 25 basis points, and where it sees their future direction. As Alan Kohler explains, the minutes show the RBA board nearly considered a half a per cent based on uncertainty in the global economic outlook. Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: http://facebook.com/abcnews.au Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcbusiness