Economists don't think the Reserve Bank of Australia has finished cutting the cost of borrowing, as it tries to juggle a weaker global outlook and modest domestic growth.
The bank on Tuesday cut interest rates by a quarter of a percentage point, to 3.5%, the lowest level since November 2009 amid the global financial crisis.
It follows a surprise cut of 50 basis points last month.
But with commodity prices falling and China's economic growth slowing, RBC Capital Markets senior economist Su-Ling Ong does not think the Reserve Bank has finished cutting.
She expects at least one more interest rate cut this year.
