The official cash rate was slashed by another 25 basis points today and now sits at just one per cent – down from 1.25 per cent last month. It is the lowest level in Australian history, and the Reserve Bank hopes it will be enough to reverse the trend in weakening consumption and rising unemployment.
The Reserve Bank of Australia has cut official interest rates to 1 per cent, the lowest level on record, as it tries to boost the economy enough to drive down unemployment and lift wages.
RBS sub-prime bill set to jump President Bush will wade into the sub-prime mortgage crisis today with a rescue package freezing interest rates on certain high-risk home loans for up to five years. After protracted negotiations with.
The Reserve Bank has made the historic move of cutting interest rates to an all-time low of 1.25 per cent, ending weeks of frenzied speculation.
The Reserve Bank of Australia has cut official interest rates to a new record low of 1.25 per cent, as it looks to turn around sluggish. longest period of interest rate stability in Australian.
The Reserve Bank of Australia cut rates by 25 basis points to a historic low of 1.25 percent as the pace of growth slowed. falling consumption and stalled wages have already pushed Australia into a.
The Reserve Bank of Australia has cut the cash rate to a new record low 1.25 per cent.
The Reserve Bank of Australia (RBA) has cut the official cash rate from 1.5 per cent to a new historic low of 1.25 per cent. The decision broke the RBA’s longest streak without change the offical interest rate.
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The Reserve Bank has cut interest rates to an historic low of 1 per cent, as it stares down the twin issues of rising unemployment and a slowing economy. The .25-percentage-point cut follows a.
The Reserve Bank of Australia has just announced it will cut interest rates by 25 basis points, to a record low of 1.25 per cent, meaning those with variable. ladder with some of the lowest rates.
It also was of the view that steady interest. the reserve bank wouldn’t have had to cut the cash rate for two months in a row,” he says. Chalmers says Lowe’s statement about consumption growth and.
The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent. RBA cuts rates to support jobs growth in the face of rising unemployment ANZ is.