Alan Kohler on the first rate cut in years

It’s almost three years since the Reserve Bank began the most aggressive cash rate hiking cycle in its history to combat surging inflation. Now, Australia’s central bank has delivered a slight reprieve to borrowers, taking 25 basis points off the interest rate for mortgages, once the banks pass it on. Today, the ABC’s finance expert Alan Kohler on what it means for households and when the next cut might be. Featured: Alan Kohler, ABC finance expert