Nov 2, 2011 Articles | Government & Policy
INTEREST rates have fallen to 4.5 per cent, providing a massive boost for struggling households and the retail sector ahead of Christmas. The Reserve Bank of Australia on Tuesday slashed rates by 25 basis points in a bid to boost consumer spending and turn around the depressed property market. Most of Australia’s biggest home lenders cut Read the full article…
Oct 21, 2011 Articles | Government & Policy
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent. Conditions in global financial markets have continued to be very unsettled, with uncertainty increasing about both the prospects for resolution of the sovereign debt and banking problems in Europe, and the outlook for global economic growth. While temporary impediments Read the full article…
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