2 October 2012 - At its meeting today, the RESERVE BANK OF AUSTRALIA Board decided to lower the cash rate by 25 basis points to 3.25 per cent, effective 3 October 2012 Treasurer Wayne Swan welcomed the RBA's decision, saying "Australians deserve cost of living relief and today that's what they got". Change in rate cut – Oct 2012 Monetary policy … [Read more...] about Bankwatch – Rate Cut Update
Rate cuts
POLITICS OF A RATE CUT
Damned if you do , Damned if you don't, pardon my English but that seems to be the situation with rate cuts , RBA and banks. RBA today kept the cash rate on hold with no changes to stay at 4.25 per cent The politics of rate cuts ,Banks and Media bashing The situation is getting out of hand come every time when the RBA has to make a … [Read more...] about POLITICS OF A RATE CUT