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7 April 2009
At its meeting today, the Reserve Bank Board decided to lower the cash rate by 25 basis points to 3.0 per cent.
Statement by Glenn Stevens, Governor: Monetary Policy
Rates go down againChris Zappone
April 7, 2009 - 2:31PM
The Reserve Bank has dropped its benchmark interest rate today, after pausing in March, as it battles the global slowdown dragging on the economy.
The central bank cut the key cash rate by 25 basis points to 3%, its lowest level since March 1960. The RBA has chopped 425 basis points since September in an effort to keep the economy from slipping into reverse gear.
Today's 25-basis-point cut, if passed along in full by the banks, will knock about $46 off the monthly repayment on a $350,000 loan over 25 years.
Many economists had predicted no change before this afternoon's announcement.
More to come.
http://business.smh.com.au/busin ... -20090407-9wql.html
[ 本帖最后由 bffbffbff 于 2009-4-7 14:44 编辑 ] |
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