Economies: Aus cuts interest rates.
Australia has taken the drastic step of a large cut in interest rates.
Most Recent - This Section
Business Environment: Letter from Davos - Asia RisingEconomies: Aus Reserve declares end to recession
Economies: crisis moves - literally - from Wall Street to Mainstreet
Economies: double whammy hits tourism and travel
Economies: HK and UK Markets maintain upward trend
Most Recent - Whole Site
The Risk Professional: Green Capital Consulting GroupLegal Professional: Baker Mac lawyer guilty of money laundering and securities fraud
Sales and Marketing: shooting oneself in the foot
Business Crime: Dear Mrs Kate Dave: Yes, please. Send it now.
The Risk Professional: Is your data secure enough for the UK's ICO?
Most Recent - BankingInsuranceSecurities.Com
Sanctions: USA PATRIOT Act designation 20120522Sanctions: OFAC Update 20120515
Sanctions: OFAC update 20120508
Sanctions: OFAC Update 20120517
Sanctions: OFAC Update 20120517 - 2
The Australian central bank, the Reserve Bank of Australia, this morning announced a 1% reduction in interest rates.
So far no banks have announced that they will follow and it is possible that they use the reduction to avoid increasing rates charged to customers rather than an actual reduction in lending rates.
The news sparked a small rally in share prices which had plummeted yesterday.
It is the largest single cut by the RAB since 1992.
Download PDF version of this page
